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Gawker.com To End Operations Next Week (gawker.com)
After nearly 14 years of operations, Gawker.com will be shutting down next week, the company's outgoing CEO Nick Denton told the staff Thursday. The decision comes days after Univision said it would buy Gawker Media properties -- Gizmodo, Jezebel, Kotaku etc (but not Gawker.com) -- for a sum of $135 million. The publication is currently in the middle of multiple lawsuits, with billionaire Peter Thiel revealing his clandestine legal campaign against the company. In a blog post, Gawker made the announcement. From the story:Nick Denton, the company's outgoing CEO, informed current staffers of the site's fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision's bid for Gawker Media's other assets. Staffers will soon be assigned to other editorial roles, either at one of the other six sites or elsewhere within Univision. Near-term plans for Gawker.com's coverage, as well as the site's archives, have not yet been finalized.
they were calling him out on a ton of shady business deals he had. Gawker did quite a bit of real journalism and used crap like Hogan's sex tape to pay the bills. That's sort of the trouble with modern journalism. It's tremendously beneficial to have them watching the 1%ers for us but these days it's tough to get that paid for. It doesn't help that we've let Murdoch buy up just about everything out there. Here, go watch this.
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It's like corruption. In corrupt places, nobody can clean things up because everybody has something on somebody. Similarly, if every new media site needs to do questionable things to get the clicks (because real journalism doesn't pay compared to clickbait), then they're all vulnerable if they step out of line when some well funded guy comes along.