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Gawker loses millions
Gawker loses millions












  1. Gawker loses millions pro#
  2. Gawker loses millions professional#

Gamers are one of the most ignored and looked down upon groups in society, but the media has been painting them as “misogynists” and “bullies” for the past few months.īut as a sign that Gawker may start paying more attention to what its writers say in the future, the site’s editorial director Joel Johnson posted a statement on the front page saying that Gawker does not support bullying. I have serious doubts about that claim, and I wanted to share my observations with a wider group of people. Read and Biddle both apologised for their tweets. The other day I was talking to someone on this board about the article on CapitalNewYork that asserts an executive at Gawker said the company lost over a million dollars because of Gamergate. Read’s post comes after he and another Gawker writer, Valleywag editor Sam Biddle, were embarrassed by tweets that seemed to support bullying of “nerds” and gamers.

Gawker loses millions professional#

He also insulted Intel, an advertiser that left the gaming site Gamasutra for similar reasons, by writing, “Intel is run by cowardly idiots. On Tuesday, July 6, a case opens in a courthouse in Florida that could have profound effects on the exercise of free speech on the Internet: Long-time professional wrestler Hulk Hogan is suing. Read yesterday said some unflattering things about gamers and made false claims about GamerGate. Max Read’s angry response to the situation won’t have made these advertisers feel any better. These letters are working.ĭozens of advertisers have changed their minds about sponsoring sites like Gawker because of how badly they treat their own readers. Since Gawker joined the fight with hateful games journalists who wanted to wrongly portray GamerGate as a misogynistic campaign running under the guise of a press ethics mission, GamerGate supporters have been writing earnest, polite letters to advertisers and sponsors. Instead of apologising for the tone of its coverage and the language of its writers, Gawker called the video game community, which was upset by Gawker’s biassed coverage of the GamerGate controversy, “dishonest fascists.” Gawker Media is currently involved in a heated 100 million legal battle with wrestler Hulk Hogan for publishing a sex tape featuring the legendary WWF star. Gawker has been defiant in the face of a large number of advertisers leaving after a letter-writing campaign by video game fans and readers who were sick of the way its journalists yelled at, made fun of, and bullied them. As a result, brands like Adobe, Mercedes, and BMW are thought to have rethought their relationships with Gawker. (Denton has also filed for personal bankruptcy to keep Hogan from seizing his own assets.) “This gives (Gawker) the breathing room to find out whether or not the court’s judgment will withstand the company’s appeal,” says Michael Fay, a bankruptcy lawyer with Berg & Androphy, who is not involved in the case.Max Read, the editor-in-chief, says that consumer activism has already cost the publisher thousands of dollars. With the sale, Gawker effectively stays the court’s $140 million verdict while transferring its most valuable asset-its editorial operation-to a new owner during the appeals process. New York-based web publisher LittleThings has already expressed interest in buying feminist-focused Jezebel for $10 million, though it’s unclear for now whether that offer is under consideration. Gawker is appealing that and is continuing to appeal that judgment. It could also sell certain sites off piecemeal to an interested buyer. FOLKENFLIK: Well, so Gawker lost the judgment - 140 million dollar in that invasion of privacy suit filed in Florida with a sympathetic jury. It could wind down the flagship site, which posted the Hogan sex video that resulted in the suit. But Univision may or may not keep Gawker Media running in its current form. (Last year, ahead of the Hogan trial, Gawker Media founder Nick Denton pegged his company’s worth to be in the $250 million to $300 million range.) It will acquire Gawker’s entire portfolio of seven sites, which cover everything from cars and sports to feminism and Silicon Valley. Univision beat out publisher Ziff Davis, which started the bidding at $90 million, in a bankruptcy auction today. Univision ran the portfolio at a loss for a couple of years. A federal bankruptcy court judge is set to approve the final sale Thursday. It wound up being acquired by Univision Communications for 135 million, on the condition that the original Gawker would remain defunct.

Gawker loses millions pro#

The television network and web publisher reportedly placed a winning bid of $135 million to purchase Gawker, which declared bankruptcy after losing an invasion-of-privacy lawsuit to former pro wrestler Hulk Hogan.

gawker loses millions

AugUnivision Makes Winning Bid For Gawker At Bankruptcy Auction














Gawker loses millions