“I'm proud we are in the same bracket-without taking any external investment or making compromises in our mission," Denton tells WIRED, though he adds that Gawker "will be open to external investment from the right partner-once the Hogan trial is out of the way. Gawker also faces increasing competition from well-financed new media upstarts, like BuzzFeed, Vox Media, and Vice, all of which have been able to grow significant audiences and reel in investors, even attracting the attention of cable giant Comcast. Legal battles themselves are costly-and, if Gawker were to lose, it could force Denton to sell a part of the company. Denton's thoughts on Gawker's future also belie some of the hurdles that the company currently faces, such as the impending trial against Hulk Hogan over Gawker's publication of a clip of the wrestler's sex tape, expected to begin sometime later this year. Bollea suffered, this is a victory.And yet that vision-the one of an "independent media company supporting the freest journalists of the web," as Denton says in his memo-remains in the shadows of external pressures. If even one person has been spared the humiliation that Mr. Bollea's legal bills, and everything to do with Denton's own choices and accountability. His bankruptcy has nothing to do with who paid Mr. Gawker Media is known for a lot of great stories, Denton said (like Gizmodo’s coverage of Facebook trending topics), but some of them may have missed the mark. Gawker founder Nick Denton, meanwhile, has spent the last five days defending his decision the latest taking place at a staff. Gawker founder Nick Denton is no victim he did this to himself. 8.9K views, 74 likes, 1 loves, 58 comments, 7 shares, Facebook Watch Videos from The View: Gawker founder Nick Denton explains why Gawker published the. It could not be confirmed whether they have accepted the roles. Bollea, is not the puppet he thought it would be. To settle the lawsuit, Gawker agreed to pay 31 million to Terry Bollea, aka Hulk Hogan, according to a filing Wednesday in US Bankruptcy Court in Manhattan. 6 Lessons From the Demise of Gawker Gawker was crushed by a libel suit brought by Hulk Hogan and financed by Peter Thiel. With the success of Gawker, Denton tried to replicate the model in different parts of the country - he launched a blog known as Defamer to give all the. "The Appellate court, in which he has guaranteed victory over Mr. Denton has spent vast amounts of time and money attempting to dodge his responsibility and a judge has subsequently determined that he misled the court in these efforts. Gawker filed for Chapter 11 bankruptcy in June and is up for sale.ĭavid Houston, Hogan's legal counsel, told ABC News in a statement today, "Following a lengthy trial, a jury verdict and much legal maneuvering, the time has come for Nick Denton to accept responsibility for the decisions he made and the rewards he reaped based on the suffering and humiliation of others. Gawker Media has appealed the ruling, and it came to light in May that PayPal CEO Peter Thiel had bankrolled Hogan's lawsuit. The lawsuit stemmed from a 2012 Gawker post that featured a portion of a sex tape recorded without Hogan's knowledge. In March, a jury awarded Hogan, whose real name is Terry Bollea, $140 million in compensatory and punitive damages after he sued the media company for invasion of privacy. Today the New York Times published a big profile of Gawker Media boss Nick Denton and his company’s future.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |