The wrestler had accused the site of violating his privacy by posting a sex tape featuring Hogan having sex with the wife of his then-best friend, the radio shock jock Bubba the Love Sponge Clem.Īccording to court documents, Denton is personally liable for $125 million of the $140 million judgment won by Hogan, whose real name is Terry Bollea. PT 2 min read New York-based blog network Gawker Media continues to trim its staff after a big layoff round in October, MediaBistro reported Tuesday. Gawker Media filed for bankruptcy in June after Hogan won the judgment. Revenue totalled 397. Gawker Medias valuation in July 2018 was 1.5M. Bankruptcy Court for the Southern District of New York.Įarlier on Monday, he tweeted that he wanted to protect colleagues from a “vendetta” by tech billionaire Peter Thiel, who funded Hogan’s Florida lawsuit. 1 hour ago &0183 &32 The loss compared with a profit of 29.6 million or 14 cents per diluted share in the same quarter last year. Gawker Medias latest funding round was a Dead for on February 1, 2023. REUTERS/John Pendygraft/Pool/File Photo - RTSIRJPĭenton listed assets of $10 million to $50 million and liabilities of $100 million to $500 million in his Chapter 11 petition filed at the U.S. File Photo: Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, also known as Hulk Hogan, testifies in court, in St Petersburg, Florida, United States, March 8, 2016.
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