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| Gawker.com will shut down its operations next week | |
| (about 1 hour later) | |
| Gawker.com will shut down after fourteen years of operation, the website announced on Thursday. | |
| Nick Denton, the company’s founder and chief executive, told his staffers that the company’s website would close sometime next week. The announcement comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, four months after declaring bankruptcy. | Nick Denton, the company’s founder and chief executive, told his staffers that the company’s website would close sometime next week. The announcement comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, four months after declaring bankruptcy. |
| A judge in Manhattan will rule on the sale at a hearing on Thursday. | A judge in Manhattan will rule on the sale at a hearing on Thursday. |
| Earlier this year, Denton and his company were driven into bankruptcy after losing the $140 million lawsuit against the former professional wrestler Hulk Hogan. | Earlier this year, Denton and his company were driven into bankruptcy after losing the $140 million lawsuit against the former professional wrestler Hulk Hogan. |
| Before the announcement, several Gawker editors expressed excitement at the sale but also challenged Univision’s chief news and entertainment officer to remain faithful to fearless journalism. | Before the announcement, several Gawker editors expressed excitement at the sale but also challenged Univision’s chief news and entertainment officer to remain faithful to fearless journalism. |
| "We've heard a lot about Isaac Lee's commitment to fearless journalism. He has a reputation for a guy who very much buys into the idea of fearless journalism," Gawker editor Hamilton Nolan previously told CNN. "I hope he demonstrates that by keeping Gawker.com open.” | "We've heard a lot about Isaac Lee's commitment to fearless journalism. He has a reputation for a guy who very much buys into the idea of fearless journalism," Gawker editor Hamilton Nolan previously told CNN. "I hope he demonstrates that by keeping Gawker.com open.” |
| The terms for Gawker.com’s archives have not yet been determined. | The terms for Gawker.com’s archives have not yet been determined. |