Gawker.com, the flagship blog of Gawker Media, will shut down next week after 14 years of operation, the latest fallout from a $140 million judgment from a lawsuit filed by former pro wrestler Hulk Hogan.
The decision, reported by Gawker.com Thursday, comes a day after Univision Communications agreed to buy Gawker Media’s assets for $135 million in a bankruptcy auction held Thursday. Its bid beat out Ziff Davis’ competing $131 million bid.
Staffers of Gawker.com, known for its snarky and pugnacious coverage of politicians, celebrities and media personalities, were informed by Gawker Media founder and CEO Nick Denton on Thursday afternoon.
