Gawker files for bankruptcy

[CM30]

In case you're wondering, that's the company that owns Kotaku and the likes, who will be sold off to the highest bidder.

Here's an article about it:

http://www.cnbc.com/2016/06/10/gawker-media-files-for-ch-11-bankruptcy-protection.html

So yeah, honestly?

I'm just going to say that this was inevitable. Their behaviour in the past was pretty poor, and it was only a matter of time till someone sued and won.

Hopefully the bankruptcy and sale means Kotaku can recover as a site now, and move on from the garbage clickbait and trolling it seems to engage in as of recent years.

But what do you think?

 

[Demon_Skeith]

Lately I've found Kotaku's articles to be rather good, some are poor but I'm pretty sure they are paid by clicks and reads.

 

[Magma]

Isn't now the owner himself in trouble financially? Hulkamania lives on, brother.

 

[Demon_Skeith]

Has this been sold or bought out yet?

 

[CM30]

Isn't now the owner himself in trouble financially? Hulkamania lives on, brother.

Yeah. He apparently lied that he had no money left. Turns out he was trying to siphon off money from Gawker.

http://www.breitbart.com/tech/2016/...gan-can-start-seizing-assets-from-gawker-ceo/

Has this been sold or bought out yet?

I remember hearing that Ziff Davis plans to buy Gawker. No idea if it's gone through yet.

 

[Magma]

While I'm not particularly fond of them, I am getting increasingly curious as to what will be the fate of Kotaku.

 

[CM30]

While I'm not particularly fond of them, I am getting increasingly curious as to what will be the fate of Kotaku.

Merged into IGN?

Nah, probably either kept the same or shut down.

 

[Magma]

So now it seems Nick Denton himself has officially filed for bankruptcy.

 

[CM30]

Yeah, it's not surprising. Hopefully this sends a message that lying about how much money your business has in a court case isn't tolerated.

 

[Magma]

Well now Gawker has been bought out by Univision.

 

[CM30]

Gawker.com is now officially no more:

http://gawker.com/gawker-com-to-end-operations-next-week-1785455712

And you know what I say?

Hope that sex tape was worth it for them. One wrongly attained video destroyed their entire business.

 

[Magma]

https://twitter.com/HulkHogan/status/766357094652112901

 

[cpvr]

https://twitter.com/HulkHogan/status/766357094652112901

He's right though. Gawker's owner and editors made a huge mistake with this.

 

[Demon_Skeith]

So despite this, the blogs are still up. Doesn't seem like they are going anywhere anytime soon.