![]() Compare Standard and Premium Digital here.Īny changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many user’s needs. One of Gawker Media’s blogs, Valleywag, heaped so much scorn on a young PR professional who posted a single ill-considered tweet that the episode became a case study in public shaming. Hulk Hogan and Peter Thiel won a 140 million judgement in a privacy case, and Gawker doesn’t have that much. ![]() If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Why is Gawker Media in bankruptcy That part’s easy. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for $69 per month.įor cost savings, you can change your plan at any time online in the “Settings & Account” section. For a full comparison of Standard and Premium Digital, click here.Ĭhange the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Denton, who was also a defendant in the lawsuit, filed for personal bankruptcy in August, saying, I don’t have that kind of money lying around. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Standard Digital includes access to a wealth of global news, analysis and expert opinion. (Reuters) - Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a 140 million court judgment against. The sale will be conducted through bankruptcy court, so other bidders could make an offer.ĭenton said in a statement that Ziff Davis' e-commerce, licensing and video assets would be a good fit for Gawker's websites, which include its flagship gossip site, tech site Gizmodo, sports site Deadpsin, video-game site Kotaku, celebrity and women-focused site Jezebel, and self-help site Lifehacker.Ī spokesman for Thiel said he had no comment on Friday.During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. The gossip site says it owes Google DoubleClick $67,000.Ĭreditors owed smaller debts include Cloudinary Ltd., Krux Digital, Fastly and the law firm of Fried, Frank, Harris, Shriver & Jacobson LLP.Īccording to the Associated Press, Gawker plans to sell itself to publishing company Ziff Davis. Gawker owes Morrison Cohen more than $115,000 and owes Risk Strategies and SimpleReach about $82,000 each, according to the bankruptcy filing. NEW YORK (Reuters) - Gawker Media LLC won approval from a U.S. Those claims are listed as trade debts and are not disputed by Gawker. bankruptcy court judge on Thursday to begin a process to sell itself, allowing the online publishing pioneer to begin an auction. Other entities Gawker owes money to include New York City law firm Morrison Cohen LLP, insurance broker Risk Strategies Company, content marketing firm SimpleReach Inc. NEW YORK (Reuters) - Gawker Media LLC won approval from a U.S. The largest unsecured claim belongs to Hogan. The bankruptcy papers list creditors Gawker owes. A lawyer for the gossip website reportedly told the Florida judge that it couldn't afford to pay the $140 million judgment. A Florida judge upheld the award last month, denying Gawker's request for a new trial.įriday's bankruptcy filing means Gawker is entertaining offers to buy the company. Gawker Media filed for Chapter 11 bankruptcy on Friday and put itself up for auction as it continues a legal battle with former wrestler Hulk Hogan. In March, Hogan, whose real name is Terry Bollea, scored a $140 million verdict against Gawker for violating his privacy by publishing an excerpt of a sex tape in which he appeared. subsidiary, generated 17.8 million in revenue through the first five months. The sleazy saga involving the former pro wrestler drove the media empire Gawker to bankruptcy and dealt free speech a worrying blow, writes Arwa Mahdawi Published. ![]() Gawker Media and owner Nick Denton are filing Chapter 11 bankruptcy to avoid paying the massive court judgment to the former pro wrestler and billionaire financier Peter Thiel, according to tech industry reports. But documents filed as part of Gawker’s bankruptcy proceedings today show that Gawker Media LLC, the company’s U.S. (CN) - Gossip website Gawker filed for bankruptcy Friday after losing an invasion of privacy case brought by pro wrestling icon Hulk Hogan, who was awarded $140 million in damages earlier this year.
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