
US âonline newspaperâ The Daily Dot has acquired UK-based The Kernel, a publication that fittingly bills itself as âthe Internetâs favourite tabloid,â for an undisclosed sum. Following the deal, Kernel founder and editor-in-chief, Milo Yiannopoulos, will step down but maintain an advisory role.
The Kernel has had a short but colorful history. Launched in late 2011 as a technology publication, it quickly gained a reputation for fierce campaigns against individuals and groups in the European tech community, which often seemed more like personal vendettas by Yiannopoulos than public interest exposés of wrongdoing.
In March 2013, the publication folded amid controversy over operating company Sentinel Media failing to pay former staff and freelance contributors. These debts were later settled personally by Yiannopoulos.
The Kernel returned five months later, backed by German VC firm Berlin42. Initially promising to cover areas such as âmodern warfare, neuroscience, artificial intelligence, pornography and space travel,â it quickly pivoted to its current âtabloidâ focus. Recent articles on the site include âBaiju: The Chinese Bribery Boozeâ and âPredicting The Future With Asparagusâ â itâs fair to say that itâs not really a tech publication any more.
âI think we found our voice,â Yiannopoulos says. âVery few media brands command loyalty among young, Internet-savvy people because very few media brands deserve to. We tried to build one, and we think combining our forces with The Daily Dot gives us the best chance of reaching the most people with the stories we know they love.â
So why the quick sale? âGiven how similar the missions of The Daily Dot and revamped The Kernel were, it was sort of inevitable that weâd end up having a chat about pooling resources,â Yiannopoulos says. âIn the end, we approached Daily Dot Media and it all happened very quickly. It feels like a very natural fit. I think the combined strength of our two editorial teams will represent a journalistic force to be reckoned with.â
The Daily Dotâs director of business development, Carla Cook tells us that the Kernel, which employs eight full-time editorial staff and says that it reaches 500,000 unique visitors a month, will continue unchanged for the time being. âHow The Kernel will ultimately be integrated into the Daily Dot Media family is still being determined, but it is a key part of plans to deliver new offerings geared to a wider audience of Internet consumers.â
As for Yiannopoulos, heâs going to take some time off but plans to remain in the publishing business. âItâs where I belong. Specifically, I like launching and leading things, so I guess before too long Iâll be thinking about doing this all over again.â
Get the TNW newsletter
Get the most important tech news in your inbox each week.