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Gawker.com to Shut Down Next Week | One Herald
Home / Technology / Gawker.com to Shut Down Next Week

Gawker.com to Shut Down Next Week

Photo

The offices of Gawker Media in New York. Univision won an auction for the company this week with a bid of $ 135 million. Credit Jesse Dittmar for The New York Times.

Gawker.com, the irreverent website whose wry, conversational tone and take-no-prisoners style influenced publications across the internet, will shut down next week, even as the rest of the company’s portfolio of sites were poised to be folded into Univision.

Nick Denton, Gawker Media’s founder and chief executive, told employees about the decision on Thursday, according to a post at Gawker.com. It came just before a bankruptcy hearing at which a judge was to rule on whether to approve the company’s sale to Univision.

Gawker.com will remain online, but after Monday it will not publish new material, according to a person briefed on the plans who spoke on condition of anonymity because they had not been made public.

Univision won an auction on Tuesday for Gawker Media with a bid of $ 135 million. Gawker Media, facing a $ 140 million judgment from a lawsuit by the former wrestler Hulk Hogan, filed for Chapter 11 bankruptcy two months ago and put itself up for sale.

Peter Thiel, the billionaire Silicon Valley entrepreneur, acknowledged after the Hogan trial that he had funded the lawsuit and was providing financial support for other legal cases against the company.

It was not clear when Univision won the auction whether it intended to continue operating Gawker.com. The company’s portfolio of sites also includes the technology site Gizmodo; the sports site Deadspin; and Jezebel, a site aimed at women.

Continue reading the main story


NYT > Technology

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