Now that Gawker Media has filed for bankruptcy because a rich guy got his feelings hurt, it’s likely only a matter of time before the company will no longer belong to founder Nick Denton. However, while Denton will lose Gawker as a whole, he might keep a firm grasp on the site that started it all — Gawker.com.
According to Politico, if initial bidder Ziff Davis ends up buying Gawker Media, Denton has agreed to stay on as an advisor for two years following the deal’s close.
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