http://www.usatoday.com/story/money/2016/08/18/five-gawkers-most-controversial-stories/88957742/

"Univision Communications, a Spanish-language media company, agreed on Tuesday to buy six of Gawker's blogs in a bankruptcy auction for about $135 million. Gawker.com, the only Gawker blog not included in the sale, will shut down next week after 14 years of operation. "

let this be a lesson to paparazzholes everywhere

http://money.cnn.com/2016/08/18/media/gawker-media-univision/index.html

Gawker.com to shut down next week

by Tom Kludt @tomkludt August 18, 2016: 5:38 PM ET

. . .

It represents an abrupt end for a site that helped define a snarky tone and style that are now ubiquitous across digital media. The site also served as a springboard for some of the internet's best-known writers and editors.

But Gawker.com had its critics, many of whom are likely celebrating Thursday's news. The site's unsparing coverage prompted several lawsuits, including the one brought by the former professional wrestler Hulk Hogan that sent the parent company into bankruptcy.

Hogan, whose real name is Terry Bollea, filed an invasion of privacy suit against Gawker Media after the namesake site published a portion of his sex tape in 2012. A Florida jury awarded Hogan $140.1 million in damages earlier this year, which motivated both Gawker Media and Denton to file for bankruptcy this summer.

Hogan's lawsuit was financed by Silicon Valley billionaire Peter Thiel, himself a target of Gawker's coverage. Thiel, who has acknowledged that he's bankrolling other lawsuits against Gawker Media, said in a New York Times op-ed earlier this week that he will support Hogan "until his final victory."

Gawker is appealing the Hogan verdict, but Denton said in his memo that even if the appellate court rules in its favor, "Peter Thiel has already achieved many of his objectives."

continued at link . . .

XxAxX said:

It's a shame it went on for so long.

XxAxX said:

let this be a lesson to paparazzholes everywhere

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Yes, let's celebrate that a super-rich guy can shut down a media org if they've written something he doesn't like.

BartVanHemelen said:

laurarichardson said:

TwiliteKid said:

laurarichardson said:

FUNKNROLL said:

TwiliteKid said:

TwiliteKid said:

laurarichardson said:

TwiliteKid said:

The whims of a billionaire being enough to shut down a media orginaztion is worrying, regardless of their reputability. It sets a worrying precedent, especially in an age where magazines and newspapers (even the respected ones) are struggling to stay afloat.

/// The whims of newspaper having the power to open a sealed document sets a precedent that is troubling. In addition, Gawker had their day in court they lost they only went after Hulk Hogan because they did not think he would be able to afford the litigation. Real nice people 😳

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Oh for crying out loud, why was Thiel mad at them? Oh yeah, because they also went after him. Sheesh...

BartVanHemelen said:

laurarichardson said:

BartVanHemelen said:

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Yes, let's celebrate that a super-rich guy can shut down a media org if they've written something he doesn't like.

--- They outed him it was invasion of his privacy. Oh and the asshole who ran Gawker he is rich as well.

Nick Denton declared bankruptcy. He's broke.

Denton was a tool but the biggest tool there was a guy named A. J. Daulerio.

Gawker are horrible. Thanks to Gamergate and Hulk Hogan that waste of internet space will hopefully be gone soon.

EmmaMcG said:

I never even heard of gawker until the Hulk hogan thing but from the sound of it, they won't be missed.

Gawker wasn't really a muckraking site. Nor was it the "new Spy Magazine". It was a hit-and-miss blog, essentially, with several talented writers.

Its specialty sites, Jezebel, Deadspin and io9, among others, remain operational. It's only Gawker that has disappeared.

namepeace said:

Gawker wasn't really a muckraking site. Nor was it the "new Spy Magazine". It was a hit-and-miss blog, essentially, with several talented writers.

Its specialty sites, Jezebel, Deadspin and io9, among others, remain operational. It's only Gawker that has disappeared.

It was a blog that said it practiced "journalism" except when it wasn't practicing "journalism". They changed their description of themsleves to fit the day. They did some good work but they were definitely into mudraking when they wanted to be.