Digital media firm Daily Dot acquires UK Internet publication

Jan 29, 2014
Austin Business Journal

Austin-based news site The Daily Dot has announced the acquisition of London, U.K..-based investigative journalism site The Kernel

Daily Dot Media, which has 22 employees in Austin and journalists and producers located all over the U.S., was created to serve as the “daily newspaper” for online culture by documenting the people, apps and communities that shape life online. Representatives for the company, which went online in 2011 following $600,000 in funding raised by CEO Nicholas White, wouldn’t disclose financial information but said it is experiencing 2,000 percent revenue growth

In addition to acquiring The Kernel, Daily Dot has added to its editorial staff and launched its new eSports section, focused on the world of competitive online gaming

White said adding The Kernel to Daily Dot’s portfolio will let his company deliver more in-depth news, features and investigative reports

“Our vision is to house the Internet’s most insightful coverage under one roof and infuse established standards of journalistic excellence with the format and distribution methods that resonate with our connected, progressive audience,” White said in a statement. “The Kernel and The Daily Dot will produce hard-hitting news, features, and investigative reports from all corners of the brave new digital world. We’re excited about the future potential for The Kernel in the DDM family.”

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