This is the best summary I could come up with:

Jezebel, the punchy feminist blog with an outsized influence on internet culture, will suspend operations and lay off its staff effective immediately, its parent company G/O Media said Thursday as it announced broader restructuring in its portfolio of digital news outlets.

Jim Spanfeller, chief executive of G/O Media, said in a memo to staff obtained by CNN that the company had tried to sell the publication, but that after talks with two dozen potential buyers, “we could not find Jez a new home.”

“Few decisions over the course of my career have been as excruciating, and I want to make clear this is in NO WAY a reflection on the Jezebel editorial team.”

Spanfeller said he has not “given up” on finding a buyer for Jezebel, which he described as having a “storied legacy as the website that changed women’s media forever.”

Spanfeller additionally announced Thursday that G/O would undergo broader restructuring that will result in layoffs.

In total, the suspension of Jezebel’s operations and other restructuring actions will “result in the departure of 23 editorial staffers,” Spanfeller said.

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