Gawker media auction11/15/2023 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. The media company Univision has purchased Gawker Media at auction for a reported 135m, after the troubled digital news organization went bankrupt amid a costly legal battle with professional. (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. Following a day-long auction against the online publisher Ziff Davis, the media conglomerate Univision is buying Gawker Media’s assetsincluding Deadspin, Gizmodo, Jalopnik, Jezebel, Kotaku. Gawker isn’t just one of the most consequential lawsuits in the history of modern American media. 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. The irreverent gossip site helped define digital media in the 2000s. 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. Goldberg bought the Gawker name for 1.35 million in 2018 at a bankruptcy auction. who sued Gawker Media Group after Gawker posted a sex tape featuring the wrestler. 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. Bustle Digital Group CEO Bryan Goldberg paid 1.35 million for the Gawker name at a bankruptcy auction in 2018.
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