Home > News > Gawker Media's Nick Denton Files for Bankruptcy Protection • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

Gawker Media's Nick Denton Files for Bankruptcy Protection

Gawker Media's Nick Denton Files for Bankruptcy Protection
Get XBIZ News
Aug 1, 2016 11:23 AM PDT    Text size: 

NEW YORK — Gawker Media founder Nick Denton filed Chapter 11 personal bankruptcy protection on Monday in order to prevent Hulk Hogan from attempting to seize his assets.

A.J. Daulerio, a former editor of Gawker.com, will also file for bankruptcy.

The wrestler sued Denton, Gawker and Daulerio in 2012, after the Gawker.com published a short excerpt of one of Hogan's sex tapes.

Peter Thiel, a billionaire technology venture capitalist who had a dislike for Denton and Gawker, secretly funded Hogan's lawsuit against the company. Thiel called the $10 million in financial support to the suit "one of my greater philanthropic things that I've done.”

In Hogan’s suit, a Florida jury decided in favor of Hogan, awarding him $140.1 million — $10 million against Denton personally, $15 million against Gawker and $100,000 against Daulerio personally. All three were hit jointly with an additional $115 million in damages.

Denton, on Twitter today, said: “On this bitter day for me, I am consoled by the fact that my colleagues will soon be freed from this tech billionaire’ s vendetta.”

Denton, through Gawker Media, owns Gawker.com, Deadspin, Lifehacker, Gizmodo, Kotaku, Jalpnik and Jezebel. Earlier this year, Gawker Media itself filed for Chapter 11 bankruptcy protection.

Gawker Media once owned adult fan blog Fleshbot.com, but the company shed itself of the property in 2012 and sold it to editor Lux Alptraum.

Alptraum sold Fleshbot in 2014 to SK Intertainment, the company that operates MrSkin.com, NakedNews.com, MrMan.com and assorted adult affiliate programs.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

OPINIONS & VIEWS

See Bigger Picture, Participate and Stand United

Anyone who’s worked in the adult industry in the past five years knows the challenges we’ve faced. Some people have even questioned staying in the business. After all, between cheap content,... More »

Developing, Launching New Products

Last fall I discovered that voice-to-text had finally become useful on my mobile. It was 85 to 90 percent accurate in a quiet room. It felt like magic. Since then, my morning walk to work in Barcelona... More »

Tips to Improve Your Marketing Game

Back in the day, affiliates and traffic would virtually fall in your lap — and yes, the pun is intentional. You built a site, threw up some banners and, somehow, made money. Today, with the influx... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.

UPCOMING EVENTS

eroFame

Oct 05 - Oct 07
Hannover, Germany

EXXXOTICA Edison

Nov 04 - Nov 06
Edison, New Jersey

2016 Inked Awards

Nov 05 - Nov 05
Edison, New Jersey

XBIZ 2017

Jan 09 - Jan 13
Hollywood, CA
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!