Leave a comment or join!

If you would like to comment on this story, please feel free to do so above.

If you liked this story, sign up for free

Like our Facebook Page

Want to become a Featured Artist? Then click here to Purchase Now

Sunday, June 12, 2016

Gawker Media Group Files Chapter 11

(The Wrap-Up Magazine) This is sad to say, but one of the biggest blog sites in American history has filed for bankruptcy due to the lawsuit filed from former champ Hulk Hogan. Gawker Media Group, Inc filed for Chapter 11 bankruptcy on Friday. The move was made to protect assets from seizure by Hulk Hogan, who sued and won a $140.1 million judgment in March. Ziff Davis, owner of PC Mag, opened the bidding at $90-$100 million.

Gawker Media is an online media company and blog network, founded and owned by Nick Denton and based in New York City. It is considered to be one of the most visible and successful blog-oriented media companies.

No comments:

Follow