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.