Gawker Set To Be Shut Down Next Week

1 min


Gawker founder- Nick Denton
Gawker founder- Nick Denton

The world’s most notorious gossip site not named TMZ is set to be shut down for good next week, with the buyout of the company by Univision.
Gawker has been struggling for a while now under the thumb of a $143m judgement they suffered in a lawsuit brought by former wrestler Hulk Hogan, forcing them to declare bankruptcy.
Univision acquired the parent company Gawker media in a bankruptcy auction for $135m – and in the aftermath the decision has been communicated that whilst it’s other sites would keep running, Gawker itself would be shut down.
“After nearly fourteen years of operation, Gawker.com will be shutting down next week.” a statement on the website posted Thursday read.
“Nick Denton, the company’s outgoing CEO, informed current staffers of the site’s fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision’s bid for Gawker Media’s other assets. Staffers will soon be assigned to other editorial roles, either at one of the other six sites or elsewhere within Univision. Near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized.” it added.
Gawker Media’s other sites, which seemingly would live on, include Jezebel, Gizmodo and Deadspin.


Nii Smiley Byte
My friends call me Moonbyte, my Mum named me Godwin. I am the Managing Editor of GhanaCelebrities.Com, Founding editor of Innonews24.Com and a fixer for foreign journalists working in Ghana. I have three strong passions in life -- football, blogging and music -- in that order. I love spending time with friends talking about the important things in life and hate nothing more than 'authority' and hypocrisy fueled by dogma. My personal motto is that you can do everything you set your mind to, which I stole from my favourite person of all time Eminem. For writing or fixing gigs, contact [email protected]

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