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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Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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