One editor was telling former colleagues that his publication would be getting rid of its print edition. In media party fashion, gossip flowed through the room: a New York Times media reporter was having a hush-hush conversation with a Huffington Post media reporter, and this morning, the news that Arianna Huffington was leaving the company appeared in the Times under her byline. Inside, Gawker’s former editors Elizabeth Spiers, Choire Sicha and Emily Gould squeezed between the people they used to write about (publicist-turned-novelist Sloane Crosley, Moveable Type pioneer Anil Dash). “What do you think about Gawker publishing nude photos of Vanessa Hudgens?” she asked alumnus Andrew Krucoff, who for a while had been referred to as the “Gawker Mascot.” None came that I could see, but there was a self-described “Donald Trump supporter” outside filming the tipsy attendees with her phone, trying to goad them into, well, something. Members of the malicious right-wing online movement GamerGate - who once successfully bullied Gawker’s advertisers into taking their money elsewhere - had been plastering the Flatiron with posters villainizing Denton and tried to organize protests to picket the celebration. Lawyers for Hogan weren’t the only forces trying to stop the affair from going forward. 17th Street, the office it purchased for $8 million in 2015 (and will probably have to depart). Dubbed “Against All Odds: 14 Years of Independent Journalism,” the celebration beckoned Gawker’s old editors, writers, friends and frenemies to 2 W. The judge noted that Gawker should not be spending “money out of the ordinary course of business,” but regardless, Denton went ahead with the party. “Throwing a party on the eve of the sale is not an ordinary expense,” William Russell, a lawyer for Hogan said in a Manhattan courtroom Tuesday, after reading in Page Six that Denton planned on having one last bash at the office, days before the company would be sold to the highest bidder and be, potentially, watered down beyond recognition. Daulerio found out he was liable for half of $115 million in damages even if he has just $1,505.78 in his checking account (and then the checking account was frozen) - they were almost barred from even throwing one last party. An auction is scheduled for mid-August.After everything else had gone wrong for Gawker Media - the company lost the lawsuit against Hulk Hogan thanks to backing from Silicon Valley billionaire Peter Thiel, the court ordered Gawker to pay $140 million in damages, the company filed for bankruptcy, founder Nick Denton filed for bankruptcy and put his apartment on the market, editor A.J. Overall, Denton's filing says he has $100 million to $500 million in liabilities and that his assets are worth $10 million to $50 million.ĭenton tweeted on Monday that it was a "bitter day" for him but that New York-based Gawker Media, home to blogs including women's site Jezebel and the tech-themed Gizmodo as well as the snarky Gawker, would "thrive" under new owners. Filing for bankruptcy helps him keep Hogan from collecting. Meet the Silicon Valley billionaire said to be tag-teaming with Hulk Hogan to take Gawker down for the countĭenton's bankruptcy filing Monday says he owes $125 million to Hogan, a former professional wrestler.Company backed by eBay co-founder comes to Gawker's aid in Hulk Hogan court battle.Gawker says it is bankrupt, can't pay $140M owed to Hulk Hogan.Gawker founder Nick Denton filed for personal bankruptcy Monday in the aftermath of a Florida jury's awarding $140 million US to Hulk Hogan in a privacy case revolving around a sex tape posted on .Īs a result of the verdict, which is being appealed, Gawker's parent company has gone into bankruptcy and is up for sale.
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