"The saga is over." So proclaims Gawker founder Nick Denton who has settled his legal dispute with professional wrestler Hulk Hogan. The settlement, pegged at $31 million, is substantially less than the $140 million a Florida jury said Hogan was owed in his winning defamation suit against the now defunct gossip site.
A bankruptcy judge approved Univision Communications' $135 million acquisition of Gawker Media Thursday. Univision will fold six Gawker Media sites into the Fusion Media Group, but is not taking on flagship site Gawker.com.
If you thought the Gawker saga would slow down as we creep closer to Memorial Day weekend, you thought wrong.
Gawker was just handed another loss in court this afternoon, when a Florida state court judge upheld the jury verdict rendered two months ago in the lawsuit from Hulk Hogan.
Now that they've had their day—two weeks actually—in court, Hulk Hogan and Nick Denton are taking their fight to the court of public opinion.
Hulk Hogan may not be affiliated with the WWE anymore, but the pro wrestler pinned down Gawker Media on Friday.
It's the kind of story Gawker would love to cover, involving celebrities, a sex tape and a multi-million dollar lawsuit. This time, however, Gawker just happens to be the defendant.
Over a three-decade career as a professional wrestler, Hulk Hogan made millions of dollars inflicting pain on the likes of Andre the Giant, The Undertaker and The Iron Sheik. This week, the WWE Hall of Famer is wrestling with a New York gossip blog in court, arguing the emotional pain done to him is worth at least $100 million.
Following a 2015 filled with upheaval, Gawker will look starkly different as it heads into 2016. Gawker.com, which has focused primarily on the media world, will shift to covering politics, specifically the 2016 presidential campaign, under the direction of the website's new editor in chief Alex Pareene.
This morning, Tommy Craggs, executive editor at Gawker Media, and the website's editor in chief, Max Read, resigned from their posts over the decision to remove a controversial story about a high-ranking Condé Nast executive.