By on June 10, 2016

Gawker

Reuters is reporting that Gawker Media, parent company of automotive website Jalopnik, has filed for Chapter 11 bankruptcy.

A judge recently ordered the company to pay $140 million in damages after it aired a 2007 sex tape featuring former wrestler Hulk Hogan, who then sued Gawker for invasion of privacy. The company had requested a stay, but was denied based on the terms they laid out.

The New York Times reports that Gawker Media will now put itself up for sale, according to a source close to the matter. The source claims the company is starting a yet-to-be announced auction, and that digital media company ZiffDavis already submitted a starting bid of $90 million to $100 million.

The online media company, founded and owned by Nick Denton, launched its namesake website in 2003. It since spawned a number of sites, including Deadspin, Kotaku, Lifehacker, Gizmodo, Jezebel and Jalopnik.

Denton argued his First Amendment rights allowed the company to post the leaked Hogan tape, which was posted to Gawker in 2012. The trial wrapped up in March, with the jury awarding Hogan $115 million in compensation. That tally was later bumped upward by $25 million, despite the fact that Hogan (whose real name is Terry Bollea) had only asked for $100 million.

Wealthy technology investor Peter Thiel admitted to bankrolling Bollea’s legal action.

Gawker started the appeal process soon after, but the Florida judge overseeing the case denied the company a new trial in late May. The company still plans to appeal.

Filing for bankruptcy could allow the company to continue its operations. Earlier this year, Gawker sold its minority stake in an investment company to prepare for the trial.

Gawker Media is worth about $83 million, according to figures that came out during the trail, and owns assets worth between $50 million and $100 million.

[Image: Scott Beale/Flickr]

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107 Comments on “Gawker, Parent Company of Jalopnik, Files for Bankruptcy...”


  • avatar
    JimZ

    couldn’t have happened to nicer people. can we put Nick Denton and Piers Morgan on a boat back to the UK? with a request for them to cease shipping their garbage over here?

    • 0 avatar

      Kinda makes you wonder WHAT OTHER AUTOMOTIVE SITES might end up on the CHOPPNG BLOCK?

    • 0 avatar
      DeadWeight

      People would pay good $$$ to see a steel death cage match between Nick Denton & Piers Morgan.

    • 0 avatar
      philadlj

      I know you’re being sarcastic, but to be fair, I’m sure a lot of the employees at Gawker actually ARE nice, and most of them had nothing to do with the leaked Hulk Hogan sex tape (or any other unsavory stories), and thus don’t necessarily deserve our schadenfreude. It’s never fun to have to worry about your job security, especially if you had zero role in its erosion.

      • 0 avatar
        JimZ

        yes, but on the flip side they knew exactly what kind of organization they were signing up to work for.

        • 0 avatar
          Quentin

          And everyone has a plethora of job options that gives them the luxury of being discriminating about where they work.

          I know loads of people that hate their employer and their employer’s ethos, but when their are only so many jobs in your field, you have to bite the bullet sometimes.

        • 0 avatar
          NickS

          “on the flip side they knew what kind of organization they were signing up for”

          These days people don’t do much due diligence on the business model or the ethical standing of a company they want to work for, and even those that do selectively pick a narrative that casts their employer in a noble way.

          Even for high-tech icons in silicon valley (and I’ve worked for some of them) most professionals don’t exactly brag that their employer pays their salaries by selling ads, or pimping someone else’s ride, broom closet, etc.

    • 0 avatar
      burnbomber

      Waiting on a post on the subject in Jalopnik, in the Gawker family. But, NO. They’re silent.

      Kudo’s for picking it up TTAC. Too bad for Gawker and Nick Denton. You play with fire, sometimes you get burnt.

  • avatar
    MrGreenMan

    Although many people with money have already said they would buy individual properties, the Twitter rumor is that Ziff Davis is going to try to buy the whole thing for $100 million or about 0.67 Hogans.

  • avatar
    SCE to AUX

    Good thing I don’t use any of their products.

  • avatar
    sportyaccordy

    Really ugly story. Case study in how money always wins, even against freedom of the press. To be fair though, Gawker brought it on themselves. I’m guessing the billionaire dude who funded the assault on them will buy it to turn into his personal fluffing service.

    • 0 avatar
      JimZ

      freedom of the press, like freedom of speech, is not limitless and never has been.

      • 0 avatar
        tonycd

        No, but in this case the “limit” is a rich jerk with a huge…vendetta.

        The issue here was a billionaire embarrassed by Gawker’s accurate and embarrassing revelations against him. He subsequently provided secret funding for a barrage of lawsuits through third parties to punish Gawker by driving them out of business. The secrecy prevented juries from knowing the full facts: i.e., that the case they were hearing was part of a vendetta that had nothing to do with the cases ostensibly before them, by a “plaintiff” they didn’t even know existed.

        I’m not going to try to defend Gawker as a bastion of journalism, but that’s exactly the point. If you have rights, everybody has them. If not everybody has them, nobody does – including you.

        This is another tiny milestone in the crumbling of America into a Third World oligarchy where all the institutions that used to belong to everyone are allowed, with the consent of our muteness, to generate into playthings serving at the whim of the rich.

        Do yourself a favor. Google up “TPP tribunals” and think about what your future looks like as an American non-billionaire. You ought to be pretty scared.

        • 0 avatar
          JimZ

          It doesn’t matter. the case has to be winnable. In this case it was. Hogan had a legitimate complaint against Gawker, and Thiel agreed to help fund his litigation. if this was just Thiel suing them for nonsense, that would be vexatious litigation.

          • 0 avatar
            redav

            I find the argument of Gawker getting punished by ‘big money’ odd. It implies it’s okay to publish trash about little guys. If anything, the case shows you never know who will find funding and take you to task. And thus, journalists have to genuinely know their case is good before publishing exposes about anyone.

            That seems like the way it ought to be.

    • 0 avatar
      darkwing

      I’m amused that, when a gay vigilante takes on an evil corporation, the usual suspects fall on the side of the corporation.

      • 0 avatar
        JimZ

        no, I totally get concerns about people using/funding litigation to silence the press. But I don’t see that happening here. IMO Gawker is clearly in the wrong here (and some of their sworn statements in the trial make me shudder at the potential depths they sounded willing to go) so I don’t care whether Hogan’s lawsuit was funded by himself, Peter Thiel, the ACLU, whoever.

        if anything, this should be a clear signal that you can’t invade someone’s privacy then run and hide behind “Press!” when you’re called on it. Too much of Gawker’s content was what you’d get if you told a bunch of 9th graders to start a news site about what they think is important. e.g. This person sucks, Is she f***ing him?, So-and-so is totally a f*g, and so on. Just gossipy filth.

        I know in the UK they love to tear down their celebrities way more than we do; I just wish they would keep their garbage on their side of the Atlantic.

        • 0 avatar
          darkwing

          I agree. I’m just amused at how many of the anti-Thiel’s money types don’t hold the same animosity for, for example, the 1%-ers who fund the ACLU.

        • 0 avatar
          FreedMike

          This, JimZ.

          The whole “using the courts to silence the press” thing rings hollow when the press is truly in the wrong, which was the case here.

          Worth noting – it’s a LOT harder for political figures to claim libel or slander.

          • 0 avatar

            Hogan actually didn’t sue for libel or slander – he sued for invasion of privacy.

            And it seems pretty hard to argue his privacy wasn’t invaded.

      • 0 avatar
        DeadWeight

        Peter Thiel also partially owns a metadata collection company that is essentially in bed with and an aggregator for the CIA.

        The Era of Big Data, with some positive but many, many, destructive consequences is and has been cast upon us.

    • 0 avatar

      Are you as concerned when left wing special interest groups, with their own wealthy backers like George Soros, Tom Steyer, and Peter Lewis funding their litigation, file lawsuits?

      • 0 avatar
        jacob_coulter

        It’s an excellent point.

        Bankrolling law fare I guess is only allowed if you’re part of the tribe. Otherwise, it’s troubling to everything we hold dear.

        • 0 avatar
          30-mile fetch

          It would be an excellent point if it were coming from somebody with a genuine interest in political balance. He doesn’t pose questions like this to conservative commenters.

      • 0 avatar
        FreedMike

        Sure, but they still have to win their cases. Ultimately that’s what it comes down to. Soros (or Koch) can spend as much as he wants on a case, but eventually the case has to winnable.

      • 0 avatar

        For that matter, is it really any difference than class-action lawyers who advertise on TV to call them if you have been killed or injured by a drug manufacturer/doctor/trucking company/ asbestos manufacturer/ restaurant serving hot coffee, pay only if you win ?

        It’s still a funding lawsuits that wouldn’t have otherwise occurred. It’s just that it’s motivated purely by profit instead of by vengeance.

    • 0 avatar
      Big Al from Oz

      sportyaccordy,
      I do believe from your comment that you have a slightly distorted view of freedom.

      Freedom also comes with responsibility and accountability.

      This means you must act in a way that doesn’t impinge on someone’s else’s freedom when exercising your own freedom.

      Like a child when developing. Freedom is gradually given as the child becomes more aware of others and “it’s” responsibility in managing granted freedoms.

      Freedom doesn’t mean you can do what and when you want. This is called anarchy.

  • avatar
    CoreyDL

    http://memesvault.com/wp-content/uploads/Angry-Cat-Good-Meme-05.jpg

  • avatar

    So, where am I going to find my Nanowax deals of the week, the latest blown-up 240SXs on a rural Missouri Craigslist, weird defenses about the Mirage, and chastisement over referring to cars in the feminine?

  • avatar
    PeriSoft

    Why buy a new media empire when you can get this slightly used Gawker for pennies on the dollar? Sure, there might be some costs for maintenance, but if you do the work yourself it’s no big deal!

  • avatar
    Land Ark

    Why hasn’t this happened to TMZ yet?

    Also, can someone make this happen to TMZ?

  • avatar
    Hoon Goon

    I don’t know what the world will do without headlines like “Texas Man and Small-Time Dick Insists He Actually Has a Huge Dick, Everyone “. I fear for the children.

  • avatar
    Cactuar

    Media company lacked judgement, then THIS happened!

  • avatar
    DevilsRotary86

    I actually like Jalopnik. I know they can be goofy at times, but I like the whimsy and how they don’t take themselves too seriously. I like Mr George’s, Mr McParland’s, and Mr Torchinsky’s writing. I enjoyed read Mr Lehto as an occasional guest writer. And yes, I even enjoy Mr Demuro. I am not as big of a fan Mr Ballaban’s, but he has his moments. And how could I almost forget Mr Collins and Mr Tracy. They are really decent people and as good of a writing staff as you could hope for in auto journalism. As such, I really do wish Jalopnik well and hope they end up at a good home.

    The rest of Gawker can die in the dumpster fire that they set. They really have noone else to blame but themselves.

    If TTAC allowed media in comments, I would have an embedded youtube video at this point playing “Ding Dong The Witch is Dead” on a loop.

    • 0 avatar
      MrGreenMan

      The bloom has been off the rose a really long time.

      I learned about TTAC from Jalopnik. Some of the early writing was OK, but the comments didn’t rise to the level of the Motor Trend forum. Then, they kept talking about this place that “should not be named’ with “Really horrible opinions”. Talk about waving red meat before a hungry lion – you tell me an opinion or writing is inappropriate and should be suppressed, I want to read it.

      Anyway, it was clear even before Ray Wert and the lunatic “Manifesto of Cool” and the absorption of Jalopnik into the Gawker corporate template designed to maximize page views while minimizing reader satisfaction that things were not going to end well. I don’t know most of the writers you named, so hopefully they’ve gone a few rounds and it isn’t quite like reading articles about cars written in the style of Jezebel by people who can’t decide if they hate the subject matter or their audience more.

      I ran into Ray Wert a few times in person. I bit my tongue a whole bunch. He inherited a kingdom and he oversaw its destruction.

      • 0 avatar
        DevilsRotary86

        Mr Torchinsky, Mr Collins, and Mr Tracy certainly love cars and know how to turn a wrench. Patrick George does too, but is in the “new car reviewer” camp. Mr McParland has excellent insight into the retail side of the industry, basically like Tim McCain and Bark M are here. Mr Lehto is a Michigan Lawyer specializing in lemon law cases as well as a hobbyist writer who has published a few coffee table books about the Chysler Super Birds and the Chrysler Turbine. And Mr Demuro is Mr Demuro, let’s just call him the color writer.

        Mr Ballaban is a car enthusiast and typical East Coast Liberal (c) so his writing grates on me at times. And there is Mr Petrany who was very recently let go. Based in Hungary, he was an their “European Bureau” of sorts, like Votja Dobes here. Good writer, but total annoying Euro snob. “European cars are great and look how ugly the Firebird is”. Oh yeah? Feel free to drive a Renault Clio sideways where the sun don’t shine. Mr Dobes was by far the better writer.

        Really a far more solid cast of writers than Gawker deserves.

        • 0 avatar

          I’ve been told by a senior staffer at Jalopnik that the rest of Gawker regards them as troglodytes because they like cars.

          I have to say that I was disappointed that Raphael Orlove, whose work I generally like and whom I like personally, did an article about the economic collapse of Venezuela without mentioning the word “socialism” even once.

          • 0 avatar
            DevilsRotary86

            At the Gawker dinner table, the Jalopnik commenters are basically the weird libertarian Uncle.

            And I don’t fault Mr. Orlove too much. Venezuela’s over reliance on oil prices was one major component of their economic collapse. Not the whole reason, but one major reason. You could write a whole book about it, and I am sure academics already have or are working on it. For him to focus an article on the component of the collapse that tangentially relates to Jalopnik’s Raison d’Etre (oil and cars) without stepping on the toes of his leftist boss is perfectly acceptable.

          • 0 avatar
            JimZ

            “I’ve been told by a senior staffer at Jalopnik that the rest of Gawker regards them as troglodytes because they like cars.”

            I think a large part of that was that anytime they crossposted a Gizmodo article written by Alissa Walker, the reddit-style trolls brushed the Cheeto crumbs off of their moobs and came out in force to get in a chance to yell at a girl.

          • 0 avatar
            ToddAtlasF1

            Isn’t Alissa Walker the one that wants cars banned? Perhaps Jalopnik commenters called her out for being a hateful piece of ignorant garbage because she’s a hateful piece of ignorant garbage, not because they are all trolls.

          • 0 avatar
            JimZ

            the only people who think Alissa Walker was posting “hateful” stuff is people like you who didn’t bother to read anything she wrote past the headline. everything she wrote regarding cars was how they really don’t belong IN DENSE CITIES.

            IN DENSE CITIES. You know, like NYC, London, Paris.

            But the typical Gamergate crowd only read as far as “ban cars” and barged into every comment thread screaming at how terrible it was that a woman dared say something.

          • 0 avatar
            ToddAtlasF1

            Perhaps I just expect more from women than you do.

          • 0 avatar
            Kenmore

            “Perhaps I just expect more from women than you do.”

            Nobody wants to go there, Todd.

        • 0 avatar
          JimZ

          I lost a ton of respect for Ballaban when- after they sacked Sean MacDonald from Lanesplitter- any commenter who basically asked about it or mentioned his name was permanently “dismissed” (the equivalent of a ban.) Then he had the nerve to tweet how “if you have to ask why you’re in the gray, maybe you belong there.”

          he knows damn well that the company he works for exists to pry into people’s personal lives, so it was incredibly hypocritical (or at least tone deaf) to close ranks and silence anyone questioning their actions. Jalopnik can go as far as I’m concerned.

          • 0 avatar
            bball40dtw

            I thought Sean did good work at Lanesplitter. I liked that he also reviewed JetSkis and other stuff.

    • 0 avatar
      paxman356

      I started reading Lifehacker a while back, and I’ve tried reading Gizmodo as well. I like some of the articles on Deadspin, but it’s the lowest common denominator in Sports. I’d ask to add Lifehacker to your list, but yeah, dumpster fire for the rest.

    • 0 avatar
      raph

      Yeah,Jalopnik is probably the most conservative element in the whole Gawker media portfolio as well as its sub sites. Get outside of Jalopnik and it would get a bit thick but I suppose they needed to pander to thier base. Generally a really angry crowd of people who optimized the pot calling the kettle black.

      • 0 avatar
        sutherland555

        I primarily go there for Jalopnik and i09 but really more out of habit and boredom than actual interest now. Unfortunately, both of them are shadows of the former selves now. I do feel for the writers and staff getting screwed through no fault of their own but I guess you’re taking certain chances when you willingly work for an ass like Denton.

      • 0 avatar
        raph

        Thanks Samsung… “optimize” was the word I was totally looking for.

    • 0 avatar
      redav

      The only part of qawker I might miss is lifehacker, but I haven’t made up my mind yet.

      I used to read jalopnik, but I got sick of the endless parade of crap articles and comments from 12 yr olds.

  • avatar
    Pig_Iron

    A roommate of mine studied journalism. He took it really seriously. He was a true believer in the Fifth Estate. After his first co-op work term (paid), he was horribly disheartened when he found out how it really worked. That was back before the internet, when traditional media was still strong. I feel bad for the contributors at Gawker who are like my old friend.

    • 0 avatar
      JimZ

      regardless of where you sit on the political spectrum, if you do podcasts I’d recommend you pull up the episode of The Axe Files where he has Jon Stewart on. the part where he gets into how the media basically fails at its core job is pretty much spot on. when we decided news should be for-profit entertainment, it became nothing more than a “reality show.” it’s all about magnifying conflict and having people scream at the viewers and each other. Actually *informing people* doesn’t even enter into it.

    • 0 avatar
      MrGreenMan

      Well, to be fair, anybody who goes into journalism today is buying a bill of goods about “changing the world”, which is the snake oil the J-schools sell.

      Ernie Pyle and Paul Harvey changed the world.

      Ernie Pyle and Paul Harvey went into journalism to report the news of the day. They wanted to inform. It was a happy accident that they changed the world because they did their main job well.

  • avatar
    gtemnykh

    WHATCHA GONNA DO WHEN HULKAMANIA RUNS WILD ON YOU???

    In all seriousness though, good riddance.

    • 0 avatar
      NoGoYo

      Nobody’s ever truly beaten Hulk Hogan. There’s a reason why the guy has never ended up bankrupt and destitute like many other wrestlers of his time. He knows the value of his name and he’s a shrewd politician.

  • avatar
    bkrell

    Well, good riddance. Jalopnik completely turned me off from commenting in automotive forums or on articles. Never understood how the comments were moderated and what views were and weren’t tolerated. And sorry, but the quality was as if someone picked a handful of random internet commentators and said “Hey, write about cars and stuff!”

  • avatar
    LIKE TTAC.COM ON FACEBOOK

    Maybe TTAC can pick up a few of their best and brightest, and come out a winner from this situation.

    • 0 avatar
      dal20402

      I dunno. There are a lot of intense personalities here, both among the authors and the commenters. I’m not sure the laid-back nature of Torch/Orlove/Collins/Tracy would be received especially well.

      For the record I really do like the Jalopnik staff. The commenters, on the other hand… Years ago, Jalopnik had the best comments of any car site. Then they adopted Kinja. Suddenly starred commenters (who were, in general, really great) lost their status, and n00bs no longer required approval (they just showed up in grey). Rapid iteration of Kinja was chaotic and confusing and drove out lots of longtimers. At the same time increased cross-posting with other Gawker sites brought in much more of Gawker world, which isn’t the brightest bunch of people. Now it’s just another Gawker site.

      One thing I can still appreciate is that, unlike most car sites (sometimes including this one, depending on topic), you don’t have to be to the right of Ted Cruz to be taken seriously.

      • 0 avatar
        MeaMaximaCulpa

        What RUINED the comment section at Jalopnik was that rating system they had (maybe has) and the “comment of the day”; fuck you very much Ray Wert! I used to go there regularly just to read the comments and suddenly all the good comments ended up in the bottom and some lame ass attempt at humour was the top rated comment followed by a bunch of “this”, “cotd”, and so on. What really drove me from the site was when some ass posted song lyrics and was a top rated commenter for a month, at the same time somebody wrote an initiated and well thought out comment about the history of the F body and ended up in obscurity….

  • avatar

    The day Gawker bought Jalopnik is the day it went downhill into pure garbage.

  • avatar
    Kenmore

    I have no idea what this Gawker thing is but earlier today I did a Jumble that had “gawky” in it.

    How is that even a word?

    • 0 avatar
      bball40dtw

      I see the writers of the Jumble are reaching at this point. I love me a good Jumble.

      • 0 avatar
        Kenmore

        For required lab participation in an undergrad psych class I chose an anagram processing study. They tossed my results. I can’t *not* do Jumbles if I see a paper with them lying around.

        It’s the same rush for me as the first hints of acquiring competence in a foreign language.

  • avatar
    bunkie

    Even though his departure was a month back, I really miss Tyler Rogoway’s writing for Foxtrot Alpha. Whether one agrees with his positions or not, he is incredibly knowledgeable and much of the commenters came from direct experience with the subjects being covered. Overall, it had an incredibly high signal to noise ratio.

    • 0 avatar
      James2

      Get thee to Thedrive.com, where he has resurfaced. He got out while the getting was good.

    • 0 avatar
      MeaMaximaCulpa

      Yup! I thought that he was spot on most of the time and even when he wasn’t he made his case based on facts and logic. Not just “OMG GIF OF JSF PROOF OF USA AWESOME!” like the rest of Jalopnik. Lanesplitter was good at times but now it’s just a bunch of links to YouTube videos of people with road rage….

    • 0 avatar
      sutherland555

      Yup, I followed him over to thedrive and his work is still as excellent as ever. His sub site is The Warzone. Foxtrot Alpha was a real light in the dark at the Gawker network for me and since he left, I go more out of habit and boredom than anything else. His comment boards tend to have very few trolls and his commenters tend to pretty informed or at least open to being informed.

      That said, this news will no doubt sadden him. In his final FA post, he seemed happy to moving onto something better but saddened to be leaving good friends and colleagues behind.

  • avatar
    Chetter

    Although Jalopnik was my first foray into reading auto blogs, I stopped checking it about 3-4 years ago when they started getting all political.

    Snark is one thing but political sniveling is no way to run a business, let alone an auto blog.

  • avatar
    VenomV12

    Gawker said they are filing for bankruptcy, they did not say they were shutting down FYI to the people repeatedly stating so. I do believe in fact they said they were continuing operations. I don’t like everything they did, but Hulk Hogan is not a good guy and I personally think billionaires secretly funding lawsuits for the purpose of putting companies they don’t like out of business is not good and very very dangerous.

  • avatar

    Jalopnik is alive and well, and they’ll continue to be such for quite some time. I’ve enjoyed the opportunity to contribute there, and I think they provide something completely different from what we do here. Most of what I write fits here. Some of it fits better there. I’m glad that both sites can coexist.

    • 0 avatar
      brn

      I agree. TTAC, please don’t try to be like Jalopnik, but I do enjoy Jalopnik. They’re not automotive news. They’re automotive entertainment. They do stupid stuff like ebay challenges. It’s fun.

      Jalopnik and TTAC both have their places and neither should try to be like the other.

  • avatar
    FromaBuick6

    I used to frequent Jalopnik and wandered over here when Murilee switched. I swore those guys off not long after for reasons I no longer remember. Probably because the commenting system was completely FUBAR, too much politics and a bunch of gibberish about brown diesel manual station wagons and “hooning” being passed off as auto journalism.

    Granted, this site has had more than its fair share of shortcomings and shenanigans in the time I’ve lurked here (the less said about the Bertel era the better), but the emphasis on informed, meaningful content never completely went away. And the commentariat is still far less sophmoric than Jalopnik, MT, C&D, etc.

    As much as I’d like to p*ss on Gawker’s grave for being one of the earliest, biggest advocates of clickbait and “sponsored content,” the rest of the internet has sadly chosen to take the ball and run with it. Shoot, compared to what Yahoo! has devolved into, Gawker almost looks professional.

  • avatar
    its me Dave

    So a silicon valley 1 percenter Libertarian throws a tantrum and millions of dollars at the legal system to destroy a media outlet instead allowing the free market work its magic. Huh.

    This is going to happen again, and it just might not be an outlet that’s as reviled as Gawker next time.

    • 0 avatar
      DeadWeight

      Denton, who is a gay liberal, was angry that Peter Thiel, who is politically hard to categorize, but a silicon valley welathpreneur, refused to come out of the closet.

      Denton decided to out Thiel some time ago.

      Apparently, Thiel, not ready to come out, became Hulk Smash-level Angry.

      Tbiel then allegedly pursued Machiavellian tactics to punish Denton, one path chosen being the funding of litigation of Terrence Bollea’s (aka “Hulk Hogan”) leaked and aired sex tape (whereby Hulkomania runs wild over Hulk’s ex’wife’s girlfriend).

      One could almost script a made-for-tv-miniseries about it, and one probably will.

      • 0 avatar
        JimZ

        Denton is just one of many British a**holes who think it’s their place to come over here and tell us how we should be. and just like with that piece of s**t Piers Morgan, we’re stupid enough to listen.

      • 0 avatar

        It is my understanding that parts of the lawsuit’s allegations were dropped to make sure that insurance would NOT cover Gawker if they lost, and the allegation pursued was not covered. They could have had more actual money, but clearly, it isn’t about the money, other than as a tool.

        I always thought you could not buy an interest in a lawsuit….but I guess he didn’t buy an interest, just paid Hogan’s attorneys.

    • 0 avatar
      JimZ

      If you even paid the slightest bit of attention in 2008-2009 and still use the words “free market,” you deserve to be ignored.

  • avatar
    Jimal

    I love how the five or so people who dominate the comments section here are so full of themselves with this news, as if theirs is some sort of high-minded intellectual pursuit that gives them the space to look down their noses at the unwashed masses who read Jalopnik.

  • avatar
    05lgt

    What about this makes so many act as if Jalopnik is going away? This is about changing ownership, not disolution at the J level. Even the Gawker empire will likely stay one unit if the memtioned sale goes through.

  • avatar
    DownUnder2014

    Eh, I rarely read Jalopnik so it doesn’t (and hasn’t) affected me too much at all.


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