NEW YORK — Gawker.com, the brash New York website that broke new ground with its gossipy, no-holds-barred coverage of media, culture and politics, is shutting down after nearly 14 years, brought low by an unhappy, but deep-pocketed, subject.
The news — appropriately enough, broken by Gawker itself — follows the sale of the site's parent company to Univision. Founder Nick Denton told staffers Thursday afternoon that Gawker.com will come to an end next week. Twitter immediately went berserk in an unholy melange of shock, sadness and Schadenfreude.
CAUSE OF DEATH
The site's proximate cause of death was a major invasion-of-privacy lawsuit brought by the former pro wrestler Hulk Hogan. Gawker had published a video of Hogan having sex with a friend's wife; a Florida jury awarded Hogan $140 million in damages. Gawker Media went into bankruptcy protection after the verdict, and on Tuesday agreed to sell itself to Univision, the Spanish-language broadcaster, for $135 million.
But Gawker's real enemy wasn't Hogan so much as aggrieved Silicon Valley billionaire Peter Thiel, a PayPal founder and early investor in Facebook who a Gawker site had outed as gay in 2007. Thiel bankrolled Hogan's lawsuit as what he called "specific deterrence" against the site's penchant for "bullying people even when there was no connection with the public interest." A spokesman for Thiel didn't reply to a request for comment.
Thiel's vendetta against Gawker raised concerns about the influence wealthy individuals could wield by covertly working to undermine media companies they didn't like. And it likely played a role in Univision's decision to exclude Gawker.com from the sites it will pick up in the acquisition. Univision said it had no comment on the matter.
Federal bankruptcy judge Stuart Bernstein said on Thursday he'll approve the sale, under which 95 percent of Gawker Media employees will get job offers at Univision. But Denton, an outspoken former Financial Times journalist, said in a staff memo that he won't be one of them. While he suggested that Gawker.com might one day "have a second act," he wrote that he's getting out of the news and gossip business. He also declared personal bankruptcy as a result of the Hogan case.
"The real shame is that Gawker gave Hogan a sledgehammer with which (to) pulverize it in state court," New York University journalism professor Adam Penenberg tweeted . "If you want to ascribe blame, blame Denton."