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Hulk Hogan Settles With Gawker For $31 Million (go.com)
Gawker Media, which filed for bankruptcy after losing a lawsuit brought by the former professional wrestler Hulk Hogan, has settled the case. The settlement, which court documents indicate is for $31 million, comes less than eight months after a jury awarded Mr. Hogan $140 million in damages in an invasion of privacy case lawsuit over Gawker's publication of a video that showed Hogan having sex with a friend's wife. From a report on ABC: Settlement documents filed at a New York federal bankruptcy court stipulate that Hogan, whose real name is Terry Bollea, will get $31 million plus share with other creditors 45 percent of any additional funds that come into the bankruptcy court by virtue of third-party claims brought by Gawker. Hogan's camp said in a statement: "After almost five years of litigation all parties agreed it was time to resolve this matter. This will allow people to go about their lives and concentrate on things more important than continued court proceedings. As in any case involving negotiation all parties give-and-take. We would like to thank everyone involved in the process." In a blog post on the settlement, Nick Denton, the founder of Gawker Media, wrote: "After four years of litigation funded by a billionaire with a grudge going back even further, a settlement has been reached. The saga is over."
It's a sad, sad day for media outlets, and journalism in general.
How can we exist as a democracy when the public isn't going to be allowed to see stolen sex tapes of washed up celebrities? This is going to have a chilling effect on news outlets everwhere.
Think of all the sex tapes hidden from the public of washed up celebrities that will now never come to light because of this censorship! There could be sex tapes of Charo giving a blowjob to John Davidson stolen by Danny Bonaduce, and we'll never see them! It's shocking, shocking I say! There could be a sex tape of Corrie Haim giving a reacharound to Corey Feldman! A double Correy sex tape, and we may never see it! How will modern journalism, nay democracy survive!
Hey now, Nick had standards! He went on record to state he would 'definitely not publish a sex tape of a four year old. Probably.'
A pillar of the journalistic community has fallen. Now if only the rest of the rags in that collective of cybertrash would.
You're making me way horny. And I can't be distracted by arousal while I'm working. Mrs. Clinton isn't going to win this election all by herself.