Tuesday, June 21, 2016

What Are You Gawking At?

Not this blog according to the cratering hits totals.... 

"Gawker, filing for bankruptcy after Hulk Hogan suit, is for sale" by Sydney Ember New York Times  June 11, 2016

Gawker Media, under pressure from a $140 million legal judgment and facing a determined foe in the Silicon Valley billionaire Peter Thiel, has filed for Chapter 11 bankruptcy and is putting itself up for sale.

The company is beginning an auction, and Ziff Davis, a digital media company, has submitted an opening bid. Thiel acknowledged in an interview with The New York Times that he was financially supporting lawsuits against the organization. Thiel, a founder of PayPal and one of the earliest investors in Facebook, was outed as being gay by one of Gawker’s blogs.

Why am I not surprised?

“I saw Gawker pioneer a unique and incredibly damaging way of getting attention by bullying people even when there was no connection with the public interest,” Thiel said of his supporting Gawker’s legal opponents.

The revelation Thiel was behind Bollea’s lawsuit and others has placed Gawker at the center of a First Amendment battle that has captivated the news media and could reshape how news organizations cover celebrities and other individuals.

Ziff Davis is a once-mighty publisher of computer magazines that struggled with the collapse of the print advertising business and has remade itself as a publisher of tech, gaming, and men’s lifestyle websites.

In an internal memo obtained by The New York Times, Ziff Davis’s chief executive, Vivek Shah, said that under the terms of a potential agreement, the company would acquire Gawker Media’s properties but none of its liabilities....

There was a lot more to see, but I wasn't interested.


Related: Globe Gawking At This Trial 

I'll see what is your reaction