- #GAWKER FILES FOR BANKRUPTCY PRO#
- #GAWKER FILES FOR BANKRUPTCY PLUS#
- #GAWKER FILES FOR BANKRUPTCY PROFESSIONAL#
Gawker Media even lost its name - the sites that Univision acquired are now part of the Gizmodo Media Group.Īll of these developments were viewed by some as the end of an era, and journalists - not just those who had worked at Gawker - published articles that often read like obituaries for a media company that had ushered in a certain style of irreverent, no-holds-barred journalism online.
, which was at the center of the Hulk Hogan lawsuit, was shut down. Univision took down other Gawker articles that were involved in litigation. The sale brought an end to the company’s independence, and Nick Denton, its founder and chief executive, left. Bollea, for $31 million, according to court documents, and bringing to a close a multiyear dispute that stripped the company of much that once defined it.įaced with a $140 million judgment in the invasion of privacy lawsuit brought by Hogan over the publication of a video that showed him having sex with a friend’s wife - and the later revelation that Peter Thiel, the billionaire Silicon Valley entrepreneur, was financing the lawsuit and others against the company - Gawker filed for bankruptcy in June and ultimately sold itself in August to Univision for $135 million.
On Wednesday, however, Gawker capitulated, settling with Hulk Hogan, whose real name is Terry G.
#GAWKER FILES FOR BANKRUPTCY PROFESSIONAL#
Gawker founder Nick Denton said in a statement that Ziff Davis' e-commerce, licensing and video assets would be a good fit with Gawker's websites, which include tech site Gizmodo, sports site Deadpsin, video-game site Kotaku, celebrity and women-focused site Jezebel, news and gossip site Gawker, car-site Jalopnik and self-help site Lifehacker.In fighting a lawsuit filed by the former professional wrestler Hulk Hogan, Gawker Media lost nearly everything - the verdict, its founder, its independence - but it maintained its resolute conviction that it would win on appeal. In the filing, Hogan, whose real name is Terry Bollea, was listed as Gawker's biggest creditor.
Another Gawker site, Valleywag, ran a number of stories skewering Facebook, which provided a big chunk of Thiel's estimated $2.7 billion fortune.Ī spokesman for Thiel said he had no comment on Friday. Thiel, who co-founded PayPal and was an early investor in Facebook, has been a frequent target of Gawker writers, who have written unflattering pieces about Thiel's political beliefs and utopian goals. It was later revealed that billionaire tech investor Peter Thiel had been secretly funding Hogan's lawsuit.
#GAWKER FILES FOR BANKRUPTCY PLUS#
Hogan was awarded $115 million in compensatory damages plus an added $25.1 million in punitive damages. Hogan sued Gawker after it posted a video of him having sex with a friend's wife. The New York company said in the filing that it has as much as $500 million in debt and up to $100 million in assets. The sale will be conducted through bankruptcy court so other bidders could emerge. Gawker filed for Chapter 11 bankruptcy protection, about three months after Hogan won a lawsuit against the online gossip and news publisher. The company says it plans to sell itself to publishing company Ziff Davis.
#GAWKER FILES FOR BANKRUPTCY PRO#
NEW YORK (AP) - Gawker is filing for bankruptcy protection and will sell itself rather than pay $140 million to pro wrestler Hulk Hogan.
0 kommentar(er)
