Popular UK-based web publication, The Kernel, has been sold to the publisher of The Daily Dot (Daily Dot Media) as reported yesterday by a large number of tech blogs. It’s founder and Editor-in-Chief Milo Yiannopoulos is leaving the team, but he’ll continue in an advisory role while pursuing new projects. Official statement also says that he is to take some time off.
Although controversial and “lately a ‘tabloid’ style news site about online culture”, as depicted by TechCrunch, The Kernel is continuing to produce news and features but it’s destiny is yet to be determined as we’re likely to see an integration with the Daily Dot Media family.
CEO of Daily Dot Media, Nick White stated for TechCrunch:
The Kernel and The Daily Dot will produce hard-hitting news, features, and investigative reports from all corners of the brave new digital world.
Founded in 2012, The Kernel’s main goal was to “fix European technology journalism” but it soon shut down due to unpaid writers who have sued the company. Yiannopoulos says he later settled the £24,000 debts personally and magazine continue working thanks to German VC firm BERLIN42 who took over The Kernel’s assets.
Since then, several former Kernel writers have partnered with Robin Wauters to found Tech.eu, a long-form publication staying away from breaking news to provide an in depth look into Europe’s startup scene. As for The Kernel’s staff of eight, they are to “come under the editorial direction of the US-based operation, though individual negotiations are taking place with all The Kernel’s writers”, reports TechCrunch.