NEW YORK, June 10 (UPI) — Entertainment media company Gawker announced Friday it has filed for bankruptcy and will be put up for sale due to a $140 million civil judgment awarded to wrestler Hulk Hogan earlier this year.
New York-based Gawker detailed the move on its website Friday, saying the media company can continue operations but only if it is taken over by another owner. MORE
Well done Hulk/Terry! Now go and cuckold some other friend, but first sweep the bedroom for hidden cameras and electronics.
I hope whoever buys Gawker uses the assets for a different kind of reporting? rumormongering? muck-racking? Gawker always stunk to high heaven to me.
Be cheaper to make a $40 Million donation to the Clinton Foundation and have the Hulk disappear. It worked with Amb. Stevens …
izlamo delenda est …
Little reported but integral to the story: Thiel/Hulk tailored the law suit so that Gawker could not bring in insurance coverage to pay the fine.
Very clever.
This ought to send a chill down the spineless of the MSM…
Salon actually ran a story about this lamenting that so many people will become unemployed due to Hogan winning and how horrible that is. Liberalism is a mental disorder.
If only this would happen to Buzzfeed… /fingers crossed/
Schadenfreude.