Money

Gawker Media Founder Files for Bankruptcy

Peter Sterne, writing for Politico, on how Nick Denton, the founder of Gawker Media, has filed for bankruptcy:

“Gawker Media Group’s resilient brands and people will thrive under new ownership, when the sale closes in the next few weeks,” he wrote. “On this bitter day for me, I am consoled by the fact that my colleagues will soon be freed from this tech billionaire’s vendetta.”

Hogan sued Denton, Gawker and Daulerio in 2012, after the news site published a short excerpt of one of Hogan’s sex tapes. Peter Thiel, a billionaire technology venture capitalist who dislikes Gawker, secretly funded Hogan’s lawsuit against the company.

Jason Tate
Jason Tate Jason Tate is the founder and editor-in-chief of chorus.fm. He can also be found at @jason_tate on Twitter and on Facebook.