![]() But Univision and Ziff Davis were the only bidders. In the weeks leading up to the bankruptcy auction, there had been speculation that dozens of media companies were interested in Gawker Media. “What Gawker has is a financial problem, not an audience problem.”ĭigiday reported that Gawker Media took in revenue of $48.7 million in 2015. “They seem to have retained their audience,” said Jonathan Taplin, a USC Annenberg professor and former media investment banker. ![]() Gizmodo and gaming site Kotaku showed significant growth year-over-year in July. But visits to Gawker’s other sites have remained steady. The transition led to a decline in traffic this year. Gawker’s flagship website has since moved away from celebrity and media gossip to more political content. That led the company to file for bankruptcy. Gawker has appealed the verdict, but the court finalized the $130-million judgment and allowed Bollea to immediately seek payment. Gawker maintained it had a 1st Amendment right to present the tape excerpt on the Web because Bollea had publicly discussed his sex life in the past, making it a “matter of public concern.” “Instead, Gawker violated my privacy and cashed in on it.” “I had begun coming out to people I knew, and I planned to continue on my own terms,” Thiel wrote in a New York Times op-ed piece published Monday. ![]() Thiel provided the support because he believed Gawker invaded his privacy when it revealed in a 2007 blog post that he is gay. Peter Thiel, a Silicon Valley investor and co-founder of the online payment service PayPal, helped finance Bollea’s case. In October 2012, Gawker posted a two-minute excerpt of a sex tape featuring Bollea and a friend’s wife without his permission. And Deadspin revealed that Notre Dame football star Manti Te’o’s dead girlfriend was a hoax.Īt times, though, Gawker Media pushed the envelope.ĭenton’s company was forced into bankruptcy this spring after a Florida jury awarded $140 million to Terry Bollea, better known as Hulk Hogan, who had sued Gawker for invasion of privacy. Gawker exposed Toronto Mayor Rob Ford’s crack cocaine habit. ![]() It mixed irreverent posts with serious journalism.Īmong Gawker Media’s greatest hits, Gizmodo acquired a top-secret prototype of the iPhone 4 that had been lost at a bar by an Apple engineer. As it rose in prominence, Gawker began writing on broader issues, popularizing a snarky tone that came to define a certain style of blogging. Gawker started in 2003 as a blog focused on New York City media that shaped gossip and water cooler conversation in newsrooms and publishing houses. Gawker Media’s properties include the flagship gossip site Gawker, the female-oriented Jezebel, the sports site Deadspin, the tech-oriented Gizmodo and Jalopnik, which is aimed at auto enthusiasts. The company has recently added to its digital portfolio by taking stakes in online humor site the Onion and the African American news site the Root. Earlier this year, Univision, which has been mulling an initial public offering for more than a year, took over ownership of the cable network and news site Fusion, which targets millennial viewers. ![]()
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