![]() Lee had intended to rename the website “Gawker for Good,” with a plan to cover “positive stories about celebrities and sports personalities within the entertainment, sports and music industries.” He had been proposing to donate half of all ad revenue to charities selected by both readers and celebrities who co-authored the content. One of the losing biders for the Gawker assets was Kevin Lee, executive chairman and co-founder of digital-marketing firm Didit. Goldberg’s winning bid for must still be approved by the bankruptcy court. Settlement documents filed at a New York federal bankruptcy court stipulate that Hogan, whose given name is Terry Bollea, will get 31 million plus share with other creditors 45 percent of any additional funds that come into the bankruptcy court by virtue of third-party claims brought by Gawker. New York-based Bustle Digital Group, founded in 2013, targets millennial women readers, attracting nearly 80 million visitors to its publications: Bustle, Romper, Elite Daily, and the Zoe Report. (In addition, the article with the sex video of Bollea was deleted from the Gawker site.) Under a bankruptcy court settlement for $31 million, Hogan - whose real name is Terry Bollea - is entitled to 45% of the proceeds from the sale of Gawker. Hogan successfully won judgments for $140 million in damages in the case against Gawker, which had published a sex video showing the wrestler in flagrante delicto with his ex-friend’s wife. Thiel actually had been trying to acquire the Gawker assets - with observers speculating he just wanted to shut down the website and its archives - but backed out this spring, evidently wishing to avoid unwanted publicity and legal costs. In 2016, Thiel was revealed to have funded wrestler Hulk Hogan’s invasion-of-privacy lawsuit against Gawker Media, along with two other suits. ![]() Two other plaintiffs who brought lawsuits against Gawker. The legal woes led to Gawker filing for bankruptcy and the sale of six of the company’s websites to Univision Communications for $135 million in 2016.Ĭoincidentally, earlier this week Univision announced that it is exploring the sale of the former Gawker sites, as well as its stake in The Onion, with the Hispanic media company saying it will focus on its core business. Under the terms of the settlement, Hogan will be paid 31 million plus a percentage of the proceeds from Gawker's sale to Univision. has been dormant since August 2016, after it was sued into bankruptcy via three lawsuits funded by Silicon Valley billionaire Peter Thiel, who was unhappy about a Gawker story that reported that he was gay.
0 Comments
Leave a Reply. |