June 10, 2016

Gawker Media Files for Bankruptcy

Last month, the company lost a $140 million libel lawsuit to Hulk Hogan.


On Friday, Gawker Media filed for chapter 11 bankruptcy and announced it was putting itself up for auction. The development comes a month after the company lost a $140 million libel lawsuit against Hulk Hogan. Soon after, it was revealed that PayPal co-founder Peter Thiel has been secretly funding the lawsuit.

Below is a copy of Gawker’s petition for bankruptcy:

 

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

payment methods

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