Gawker Bankruptcy

Tech Ghoul Peter Thiel Defanged By Gawker Media Legal Deal; Free Press Saved

Peter Thiel, the tech mogul who posed the biggest threat to a free press since the 1950s Red Scare, has officially been defanged by lawyers handling Gawker Media‘s bankruptcy case. He won’t be able to sink his teeth into Gawker or pull the same stunt he used to bring the Web site down. In a sweeping legal settlement, Thiel and his investment firm, Thiel Capital, agreed to absolve Gawker.com’s future owner of all legal liability as well as writers who have articles on the site....

Gawker, Slammed by Hulk Hogan Jury Verdict, Files for Bankruptcy

Gawker Media, owned by snark pioneer Nick Denton, filed for bankruptcy protection today (June 10) in the opening round of what likely will be a multi-pronged effort to prevent former pro wrestler Hulk Hogan from collecting a $140 million jury award against the company. The legal move, under Chapter 11 of the bankruptcy code, will allow Gawker and its associated media properties to continue operating....
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