Friday June 10, 2016

Gawker Media Files For Bankruptcy Protection

Gawker Media is filing for bankruptcy and has put itself up for sale. You know Gawker has to be regretting testifying in court that they wouldn't publish a sex tape of a four year old or taking that whole "sex tapes are protected speech" approach.

Under pressure from a $140 million legal judgment in favor of Hulk Hogan, Gawker Media filed for bankruptcy protection on Friday, and is reportedly considering putting itself up for auction. The edgy media company, led by Nick Denton and known for blogs like Jezebel and Deadspin, had assets of $50 million to $100 million and liabilities of $100 million to $500 million, according to bankruptcy court filings in New York.