Nick Denton Makes $500,000 a Year

In a memo obtained by Jim Romesko, Nick Denton warned Gawker employees ahead of the July 4 holiday weekend about a “negative” story coming from Keith J. Kelly. In the missive, he also explained that the piece had led him to publicly release Gawker Media’s financials, to steal some of the Post columnist’s thunder.

Having now read Kelly article, FishbowlNY can report that “negative” may have been slightly too strong a read. The article is even-handed, and includes this interesting tidbit:

“There is no secret treasure for them [Hulk Hogan lawyers] to plunder,” insisted Denton, who divulged that his salary is “$500,000 a year” and his personal expense account is “minimal.”