Gawker will rise from the ashes in a new iteration of the website to be launched next year. (Variety)
A holding company owned and managed by Bustle Digital Group founder Bryan Goldberg won a bankruptcy auction for the website and its assets in July for reportedly less than $1.5 million. (Adweek)
The Nick Denton-founded news site, which was shut down after its parent company went bankrupt fighting a lawsuit brought on by Hulk Hogan, will be revived with publisher Amanda Hale at the helm. (THR)
Before joining the new venture, Hale worked for The Outline, a culture-focused site where she served as its chief revenue officer. (Mediaite)
The new site will use Bustle’s resources, technology and advertising platform, but will remain “completely distinct from our other properties and sit within a separate corporate subsidiary,” Goldberg told employees in a memo. “We won’t recreate Gawker exactly as it was, but we will build upon Gawker’s legacy and triumphs—and learn from its missteps,” Goldberg wrote. (New York Post)