Is Gawker still active?
On August 16, 2016, all of the Gawker Media brands, assets except for Gawker.com, were acquired at auction by Univision Communications for $135 million. Two days later on August 18, the company announced that Gawker.com would cease operations the following week, while its other sites will continue to operate.
Who bought Gawker Media?
Bustle Digital Group
Bustle Digital Group, which bought Gawker in 2018, is to bring back the website with Leah Finnegan as editor. Will it work? For five years, the pioneering gossip website Gawker has lain dormant with a blunt message from co-founder Nick Denton: “It is the end of an era.”
What did Gawker do?
In March 2016, the jury found Gawker Media liable and awarded Bollea $115 million in compensatory damages and $25 million in punitive damages. Three months after the verdict, Gawker filed for Chapter 11 bankruptcy protection and put itself up for sale.
Who is Gizmodo owned by?
Gawker Media2002
Gizmodo/Owners
It was originally launched as part of the Gawker Media network run by Nick Denton, and runs on the Kinja platform. Gizmodo also includes the subsite io9, which focuses on science fiction and futurism. Gizmodo is now part of G/O Media, owned by private equity firm Great Hill Partners.
Who is the onion owned by?
G/O Media
The Onion/Owners
How did Gawker get shut down?
On June 10, 2016, Gawker announced its bankruptcy filing as a direct result of the monetary judgment against the company related to the Hulk Hogan sex tape lawsuit which was bankrolled by the billionaire investor Peter Thiel who held a deep grudge against Gawker for allegedly outing him.
Who is the founder of Gawker Media LLC?
Gawker Media LLC (formerly Blogwire, Inc. and Gawker Media, Inc.) was an American online media company and blog network. It was founded by Nick Denton in October 2003 as Blogwire, and was based in New York City.
How much money does Gawker Media make a year?
In 2010, its revenue was $20 million and operating income of $2.6 million. Gawker Media’s revenues steadily increased through 2014 and its audited revenue for 2014 was $45 million with $6.5 million operating income. Business Insider valued the company at $250 million based upon its 2014 revenue.
When did Gawker media file for Chapter 11 bankruptcy?
In 2016, the company filed for Chapter 11 bankruptcy protection after damages of $140 million were awarded against the company as a result of the Hulk Hogan sex tape lawsuit. On August 16, 2016, all of the Gawker Media brands, assets except for Gawker.com, were acquired at auction by Univision Communications for $135 million.
When did Gawker.com fold into consumerist?
In September 2008, Gawker reported 274 million pageviews. On November 12, 2008, Gawker announced that Valleywag would fold into Gawker.com. Consumerist was sold to Consumers Union, which took over the site on January 1, 2009. On February 22, 2009, Gawker announced that Defamer.com would fold into Gawker.com.