Gawker Media Files for Bankruptcy

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$250,000

You come to Mother Jones for unique journalism, and we love doing it for you. That's it. That's the upshot of our fall fundraising drive, and we're hoping to raise $250,000 in a shorter than normal three-week window so we can keep right on doing it.

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: