![]() ![]() But honestly the Gawker brand of savagery seems almost quaint in our current internet landscape and pandemic life could use the shakeup. Tim Molloy Septem 8:11 PM Deadspin Former Gawker editor AJ Daulerio says he considered going into hiding after he was hit with a 140 million judgement in Hulk Hogan ‘s lawsuit. A few years ago, added writer, director and actress Lena Dunham, “I would have said this was literally my worst nightmare and gotten under my covers for a week. “If blind items come back, I want people to know that they’re all about me,” Saturday Night Live cast member Bowen Yang said. The new version of Gawker offers up a handful of tangy items with headlines like “Do Justin and Hailey Bieber Hate Each Other?” and “Adam Neumann Spotted in the Hamptons with a Pizza and a Rabbi.” One post gathers impressions from a wide array of media and cultural figures reacting to the rejuvenation of the site. Univision ran the portfolio at a loss for a couple of years before unloading it in 2019 to a private equity firm. Gakwer founder Nick Denton has said Gawker plans to appeal the Hogan verdict, so the money will be used for legal costs or eventual damages if Gawker loses. It wound up being acquired by Univision Communications for $135 million, on the condition that the original Gawker would remain defunct. Day after day, Gawker was hammered in stories, most of them blaming Denton himself for the self-inflicted wounds and shrugging off any widespread impact on press freedoms. Through most of its run, though, sharp writing and keen observation were Gawker hallmarks at a time of layoffs and retreat for media, and its demise left a sizable void.Īfter the trial, Gawker Media, whose other brands included Deadspin, Jezebel and Gizmodo, declared bankruptcy. Here, the damages against Gawker and Denton topped 140 million. BMW, Mercedes, and Adobe have all pulled ads after tweets were made by Gawker editor in chief Max read and writer Sam Biddle that seemed to support bullying 'nerds. Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. In March, Hogan was awarded 140 million in damages stemming from a Gawker news article published in 2012, which included a clip of Hulk Hogan having sex, along with commentary. Others viewed Gawker’s end as a proper comeuppance after a reckless series of decisions and more than a decade of gleefully walking up to, and sometimes over, ethical boundaries. Some saw it as a chilling sign, a beacon of free expression being extinguished by a mogul’s caprice and financial resources. The libel verdict prompted a wide range of reactions in the media business and in the culture at large. The documents were signed by Gawker founder Nick Denton.Deadspin Loses Veteran Writer Drew Magary As Website's News Flow Runs Dry - Update READ MORE: Gawker may be looking to sell after losing costly Hulk Hogan caseĬiting an unnamed source with knowledge of the plan to sell, the New York Times reported at least one company, Ziff Davis, has put forward a bid between $90 million to $100 million.Īccording to documents filed Friday in New York, Gawker listed its estimated liabilities between $100 million and $500 million, but its assets were only estimated to be between $50 to $100 million. Gawker Media, which filed for bankruptcy after losing a lawsuit brought by the former professional wrestler Hulk Hogan, has settled the case. Gawker founder Nick Denton on Wednesday announced a settlement in the long-brewing legal battle with Hulk Hogan over his site’s publication of portions of a sex tape featuring the former wrestler. The company is reportedly going to put itself on the market - something rumours have swirled about for weeks. Hulk Hogan Settles With Gawker For 31 Million (go.com) 156 Posted by msmash on Wednesday Novem03:25PM from the hard-peace dept. One day youre a top executive making 3.2 million a year the next day youre just some dude who ran his mouth too much at the Ritz-Carlton Orlando hotel bar. Theres virtually no chance of that happening. Gawker Media has filed for Chapter 11 bankruptcy protection on the heels of being ordered to pay wrestling superstar Hulk Hogan a $140-million settlement for invasion of privacy. Gawkers not going to wind up paying 100 million. They awarded Hogan 115 million in compensatory damages 55 million in economic injuries plus 60 million for emotional injuries with potential punitive damages to be assessed on Monday. In March, Hogan was awarded 140 million in damages stemming from a Gawker news article published in 2012, which included a clip of Hulk Hogan having sex, along with commentary. Send this page to someone via email email. ![]()
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