Thiel, who has acknowledged that he's bankrolling other lawsuits against Gawker Media, said in a New York Times op-ed earlier this week that he will support Hogan "until his final victory." Hogan's lawsuit was financed by Silicon Valley billionaire Peter Thiel, himself a target of Gawker's coverage. A Florida jury awarded Hogan $140.1 million in damages earlier this year, which motivated both Gawker Media and Denton to file for bankruptcy this summer. Hogan, whose real name is Terry Bollea, filed an invasion of privacy suit against Gawker Media after the namesake site published a portion of his sex tape in 2012. The site's unsparing coverage prompted several lawsuits, including the one brought by the former professional wrestler Hulk Hogan that sent the parent company into bankruptcy. The site also served as a springboard for some of the internet's best-known writers and editors.īut had its critics, many of whom are likely celebrating Thursday's news. It represents an abrupt end for a site that helped define a snarky tone and style that are now ubiquitous across digital media. " may, like Spy Magazine in its day, have a second act," he wrote in the memo.įor now, Denton added, the site "will live on in legend." Later in the memo, Denton said the site had been "mothballed, until the smoke clears and a new owner can be found."
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