“All-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight,” Denton said in a blog entry Wednesday announcing the agreements. According to court papers, Gawker also resolved two similar lawsuits for $500,000 and $750,000. The suit, in Florida state court, had been financed with help from Thiel, the PayPal co-founder and outspoken critic of Denton’s company. The pact resolves a $130 million judgment that Hogan won against the company and its founder, Nick Denton, in a lawsuit over the publication of video excerpts of Hogan having sex with a friend’s wife.
#Gawker out of business pro#
Hogan, the former pro wrestler whose real name is Terry Bollea, will get $31 million in cash plus a share of creditor proceeds in Gawker’s bankruptcy, according to papers filed Wednesday in Manhattan federal court. And if you don’t, that’s really more of a “you” problem, I think.Gawker Media LLC reached a settlement in the invasion-of-privacy lawsuit brought by Hulk Hogan and backed by Peter Thiel that drove the web company into bankruptcy. We are here to make you laugh, I hope, and think, and do a spit-take or furrow your brow, or maybe go “huh!” or “wow!” or “damn!” or “what the fuck?” or “I’m glad someone finally said it!” You might notice it all looks a little different, and to that I say “a change of scenery enriches the soul.” So, I hope you like it. The current laws of civility mean that no, it can’t be exactly what it once was, but we strive to honor the past and embrace the present. Gawker inspires a lot of emotion in people (men), which is fine. In closing, I ask you to approach this new iteration of Gawker with an open mind and an open heart. Gawker always existed on the strengths of its writers and editors, and this group is really, really good. My first order of business, after deleting all the old posts I wrote, was hiring all my favorite writers and editors. I was also willing to do it, which not many people can say.
I suppose my selling points as a potential editor-in-chief of Gawker were that I had previously worked at Gawker and Bustle and was unemployed. Bustle immediately shut down The Outline when the pandemic started, for which I hold no ill will, because The Outline, while a very special site, made no money. From there I went on to be executive editor of The Outline, which was acquired by Bustle in 2019. Why did Bustle Digital Group want me to edit Gawker in the first place? Well, I was Gawker’s features editor from 2014 to 2015, before I was asked to leave because I live-tweeted a meeting during which Gawker founder Nick Denton hit his head on a lamp. The world was lost in darkness and desperately needed light. Sometimes I would read old Gawker posts just to see if I still had the ability to laugh. I laughed a lot when I previously worked at Gawker, and I laughed a lot reading Gawker. I thought about how I missed laughing at things on the internet. Could I edit Gawker? Should I edit Gawker? Why not edit Gawker? I was living off of Biden Bucks, watching a lot of Love It or List It, and wondering what I would do with my life.
#Gawker out of business professional#
It could not be brought back because it could never be what it once was, and also because what it once was was sued out of existence by a professional wrestler five years ago.Įver persistent, Bustle approached me again in January.
Who in God’s name would want to edit a website that was cratered by an evil tech lord and sullied by a botched relaunch? The Gawker name was toxic, but also weirdly revered an intractable combination. When Bustle Digital Group first approached me to revive Gawker last year, I said absolutely no way in hell. Here’s the ‘welcome back’ letter from Leah Finnegan (ex New York Times and The Outline), editor in chief of the ‘new’ Gawker, under the ownership of Bryan Goldberg’s BDG:
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