Gawker Media Files for Chapter 11 Bankruptcy

This is fallout from losing an invasion of privacy lawsuit, filed in the name of wrestler Hulk Hogan and backed by tech investor Peter Thiel (co-founder of Paypal and an early investor and current board member for Facebook, and in his younger days also co-founder of the Stanford Review).

Gawker slogan: “Today’s gossip is tomorrow’s news.”

That’s from the <title> tag on the website — I’m not making some kind of wry commentary.

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Gawker runs the numerous new media operations, including Deadspin, Jezebel, and Kotaku.

Screen Shot 2016-06-10 at 2.47.24 PMThroughout its history, Gawker has been controversial from its genesis as a blog that had a feature called “Gawker Stalker” reporting on the movements of celebrities. Gawker has tangled with the likes of Quentin Tarantino for linking to a then-unpublished screenplay of Hateful 8 and Lena Dunham for revealing her book pitch. The network of Gawker sites has also broken ground over the years with reports including how Notre Dame football star Manti Te’o was hoaxed, how former Toronto mayor Rob Ford had a cocaine addition and how Facebook staffers were allegedly precluding conservative-tinged stories from trending. —Hollywood Reporter