Feminist publication Jezebel shutting down, parent company G/O Media announces

Feminist publication Jezebel is shutting down after 16 years, its parent company G/O Media announced in a memo to employees Thursday. The media group said it is also laying off 23 employees, including the staff of Jezebel, across its digital platforms.

"As of this week we are making the very, very difficult decision to suspend publication of Jezebel," G/O Media CEO Jim Spanfeller said in the memo obtained by CBS News. "Unfortunately, our business model and the audiences we serve across our network did not align with Jezebel's."

Spanfeller said the decision to shut down Jezebel came after G/O could not find a buyer for the website. He said that, despite interest from over 24 potential buyers, "we could not find Jez a new home."