Gawker is Coming Back
Gawker had been in bankruptcy due to an outstanding judgment owed to Hulk Hogan for publishing his sex tape with the wife of radio personality Bubba The Love Sponge.
Hogan’s lawsuit was backed financially by billionaire Peter Thiel since Gawker published a story saying that Thiel was gay.
Gawker’s assets were purchased by Univision Communications for $135 million and when Gawker went into bankruptcy, Bryan Goldberg, the owner of Bustle.com and Elite Daily, purchased Gawker. Now, Goldberg announced that Gawker will be back.
Gawker is expected to relaunch in 2019.
“We won’t recreate Gawker exactly as it was, but we will build upon Gawker’s legacy and triumphs — and learn from its missteps. In so doing, we aim to create something new, vibrant, highly relevant, and worth visiting daily.” – Memo from Bryan Goldberg
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