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Looks like Hulk Hogan's $140 million judgement against gawker media is actually going to have to be paid, and thus Gawker is filing bankruptcy and it looks like they'll be selling their assets to Ziff Davis. As such the properties will live on.

This includes Gizmodo, Lifehacker, Kotaku, Jalopnik, Deadspin, Jezebel and Gawker.

The agreement is binding, though that doesn't mean it's a slam dunk, I expect a bankruptcy judge would have to approve it. They're getting these properties for $100million, so I suppose Gawker has to come up with the other 40 million for the judgement, or perhaps come to an agreement for a lesser amount as part of the bankruptcy.

http://www.recode.net/2016/6/10/119...as-to-say-about-its-plans-to-buy-gawker-media

I don't use those sites regularly, but I have a friend that works there which is why I find it interesting.

Good riddance.

[DOUBLEPOST=1465602905,1465602865][/DOUBLEPOST]Full disclosure, I did used to read Kotaku, back before I knew better.[DOUBLEPOST=1465603006][/DOUBLEPOST]

stienman said:

As such the properties will live on.
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Well, let's hope Ziff Davis leads them into the same obscurity that they did IGN in 2013.

GasBandit said:

let's hope Ziff Davis leads them into the same obscurity that they did IGN in 2013.

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And PC Magazine. And MacWeek.

--Patrick

This list of websites are being sold off! Number 3 will shock you!

I enjoy io9 and also follow lifehacker. The rest? Meh.

I read the Consumerist, but it was sold off from Gawker back in 2008 and must have been better off for it, since I stopped reading even Lifehacker a while ago.

Hulk Hogan ruined Gawker with his dick

Apparently Hulk's lawsuit was being privately financed by a billionaire pissed off at Gawker for being forced out of the closet. That's some grade A revenge.

drifter said:

Apparently Hulk's lawsuit was being privately financed by a billionaire pissed off at Gawker for being forced out of the closet. That's some grade A revenge.

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It's not the greatest precedent to set when an angry billionaire can take down a media outlet that pisses them off. I can't argue much against this specific instance, but it's kind of worrying for the future.

Charlie Don't Surf said:

It's not the greatest precedent to set when an angry billionaire can take down a media outlet that pisses them off. I can't argue much against this specific instance, but it's kind of worrying for the future.

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Well, a pissed off billionaire ruining things is going to be the plot to the future documentary of Trump's presidency.

Charlie Don't Surf said:

It's not the greatest precedent to set when an angry billionaire can take down a media outlet that pisses them off. I can't argue much against this specific instance, but it's kind of worrying for the future.

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"Do xxx or I will bankrupt you in the courts" is becoming quite a thing these days.

--Patrick