Sports site Deadspin will lay off its entire staff after it was sold to a European holding firm, parent company G/O Media announced Monday. The long-standing sports commentary and news site will retain its name, but lose all of its staffers after a sale to Lineup Publishing. G/O Media CEO Jim Spanfeller said in a statement to staff that the site was not actively being shopped for sale. “The rationale behind the decision to sell included a variety of important factors that include the buyer’s editorial plans for the brand, tough competition in the sports journalism sector, and a valuation that reflected a sizable premium from our original purchase price for the site,” Spanfeller
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