Joe Media Ltd, the parent company of social news website Joe.co.uk, has entered administration.
Joe.co.uk is best known for its viral videos, and came to prominence with a slew of political mash-up videos during last year’s Brexit negotiations and general election campaign.
It claims 13 million followers across its social channels and works with multi-national clients including McDonald’s, Sony Playstation and adidas.
KPMG has however now been appointed as administrators and is seeking a buyer for the London-registered company.
In a statement, joint administrators Stuart Irwin and Ian Leonard said: “The administrators are continuing to trade the company and intend to undertake a marketing process with a view to selling the business as a going concern. At this time there are no plans for any redundancies. The joint administrators conducted a staff briefing outlining their plans.”
