Aron D’Souza is the man behind Peter Thiel's successful campaign to destroy Gawker through litigation, according to an exposé by Buzzfeed News. The whole thing seems to dance pretty close to the line for what constitutes maintenance. Read the rest
Libertarian wisdom holds that "the answer to bad speech is more speech," but if you're a Peter Thiel libertarian (that is, the kind of "freedom lover" who doesn't think women should vote, wants to spy on everyone in the world, and secretly wields power to censor the free press), then "the answer to bad speech is secretly backing lawsuits by washed-up pro-wrestlers in order to kill a media outlet whose reporting you don't like." Read the rest
Gawker was bankrupted by Peter Thiel, who secretly backed Hulk Hogan's lawsuit against the network of news, entertainment and gossip sites in an act of petty revenge. Read the rest
The deal is done. Gawker Media today settled its case with former wrestling star Hulk Hogan, which brought Nick Denton's blogging empire to bankruptcy, ending the company's long reign as an independent news organization. Read the rest
Gawker.com, the pioneering and controversial media blog, officially died yesterday. It was killed by billionaire Peter Thiel in his successful quest to bankrupt Gawker Media Group through a series of lawsuits he funded – most notably wrestler Hulk Hogan, who sued over the publication of a portion of his sex tape four years ago. Read the rest
Josh Laurito offers a fascinating look at the internals of a top-flight blog. Gawker, bankrupted by the Hulk Hogan lawsuit verdict and having sold off all its blogs (except Gawker.com itself) to Univision, is to cease publication this week.
Read the rest
Since it’s not totally clear to me what will happen to the site’s archives or how long I will have access to data about the site, today seems like a good time to jot down some of the numbers we have about our writers, our community, and posts.
Univision won the auction for Gawker Media with a $135m bid, reports Peter Kafka.
... the auction is a disappointing conclusion for Gawker Media owner Nick Denton, who founded the company in 2002. Last year, as rival media companies like Vice, BuzzFeed and Vox Media (which owns this site) were raising money at increasingly high valuations, Denton was arguing that his company was worth $250 million or more.
The price was depressed by the circumstances of the sale: a $140m award against it after publishing a Hulk Hogan sex tape and losing the subsequent lawsuit, which was secretly funded by vengeful billionaire Peter Thiel. Though experts generally expect Gawker to prevail on appeal, it was forced into bankruptcy by the penalty and the only other bidder was Ziff Davis, at $90m.
This weds Gawker to The Onion and Fusion in the Univision website stable; The Onion is very much its own thing, but Fusion's web presence is quite similar to Gawker itself and one wonders will it blend? Read the rest
Peter Thiel's lawyers are threatening Gawker with a lawsuit over its expose of Donald Trump's "hair," weeks after winning a lawsuit over Gawker's publishing of Hulk Hogan's "sex" tape. As we now have all the carnies in one tent—the billionaire, the millionaire and Donald Trump—it behooves us to imagine them sharing their props.
Gawker Media was crushed by the $140 million legal judgment in Hulk Hogan's invasion-of-privacy lawsuit, which we now know was financed by a bitter and resentful Peter Thiel. Nick Denton's gossip news site Gawker.com published a sex tape featuring former wrestler Hulk Hogan, and the former wrestler (real name: Terry Bollea) sued with Thiel's help.
The publishing company is now putting itself up for sale, reports the New York Times, citing an anonymous source. Gawker Media Inc. filed for Chapter 11 bankruptcy on Friday “after a judge overseeing the suit against the company entered the full judgment and denied Gawker’s request for a stay under terms the company could meet.” Read the rest
Peter Kafka reports that Gawker's filed for bankruptcy protection to avoid paying Hulk Hogan the $140m judgment he won against it. Though legal experts believe the judgment will be much-reduced or overturned at appeal, the filing readies Gawker for the block. Ziff Davis, the tech publisher, is reportedly offering $90-$100m.
Gawker and its banker Mark Patricof assume that the company will eventually see higher bids while it is in bankruptcy protection. Last year, in advance of the Hogan trial, Denton figured his company was worth something in the $250 million to $300 million range.
But in any case the company won’t trade hands until Gawker either beats back Thiel and Hogan or it finishes a court-approved restructuring. Because no one wants to buy an ongoing lawsuit from Peter Thiel.
Ziff Davis itself is a company that has gone through the Chapter 11 process. The company was once a dominant force in the trade and hobbyist magazine business, but its fortunes declined along with the print industry, and it filed for bankruptcy protection in 2008.
It emerged in recent weeks that billionaire Peter Thiel funded Hogan's lawsuit, exacting long-awaited revenge for Gawker having outed him as gay in 2007. Read the rest
In this video from the Recode conference, an interesting reveal of what Amazon.com CEO Jeff Bezos thinks of the legal battle between Peter Thiel and Gawker, with Hulk Hogan as a most unfortunate proxy. Bezos is full of surprising insights here, and offers Thiel some tough love.
The only effective defense public figures like Thiel have against their critics, says Bezos: “Develop a thick skin.” Read the rest
Billionaire Pierre Omidyar "steps into the ring" in the long-running legal fight over privacy and journalistic freedom, fought lately between Hulk Hogan and Gawker Media. The intervention, on Gawker's side--Omidyar is himself a media man, now--came after it turned out billionaire Peter Thiel was secretly funding Hulk's suit.
Alternative subtitle: "No matter who wins, we news."
Cast it in the comments. I'm thinking Kenneth Branagh as Denton, Michael C. Hall as Thiel, Christopher Lambert as Omidyar, Hulk Hogan as Terry Bollea, and any random carnie as Hulk Hogan. Read the rest
Why would billionaire Peter Thiel want to bankrupt Gawker? That's the question circulating today, after Forbes reported that Thiel secretly backed Hulk Hogan's high-profile lawsuit against Nick Denton's publishing empire. Read the rest
Hulk Hogan's courtroom sex-tape victory signifies how much the web has already changed, writes John Hermann: casual privacy invasion only disgusts readers who are all-too-aware that they might be next.
In 2012, the vast majority of Twitter posts that linked to Gawker’s video were lighthearted jokes — about Mr. Bollea’s physique, about the humiliation of a childhood idol, about fame-seeking… [but by] 2014, when hackers posted hundreds of photos obtained from celebrities’ private accounts. Publications that had previously trafficked in leaked nude photos — including Gawker Media properties and sites like BuzzFeed — shied away from publishing them.
Lurking in the background: Facebook, its policies and preferences. Read the rest
Time to see how much money is in those Cayman Island accounts.
— Joel and 9 Others (@joeljohnson) March 18, 2016
A Florida jury today ruled in favor of Hulk Hogan's privacy claims instead of Gawker's arguments for press freedom. The court handed the former wrestling star a $115 million verdict against Gawker Media over a 2012 gawker.com blog post about the now-infamous Hulk Hogan sex tape. Read the rest