Knuckle Sandwich
Member
Meh. Can't think of a site of theirs that isn't trash. If they have any good writers I'm sure they'll land on their feet somewhere.
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Gawker Media files for Chapter 11 Bankruptcy Protection
- Thread starter LiK
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BronsonLee
Member
I mean, the whole point of that lawsuit was to get a judgement that would drive Gawker out of business
Hogan never expected to actually get paid that
A lawsuit filed in a very specific location for a very specific reason.
Spring Drive
Banned
Was anything illegal done?
stufte
Member
Racists are still allowed legal recourse if wronged.
smokeymicpot
Beat EviLore at pool.
The billionaire got outed by Gawker media which was not very cool. The Millionaire could got his personal tape leaked on the internet. Asked them to take it down before legal action. They brought it on themselves. The legal system was correct and it wasn't used to their advantage.
exmachina64
Banned
Except that's not the matter to which the lawsuit pertained.
Hulk Hogan's not a millionaire, Hulk Hogan's broke.
That's the problem.
Tatsumaki Senpuukyaku!
Member
They would have never been put position to be put out of business if they hadn't illegally posted a video of Hulk Hogan having sex without his permission and then refused to take it down when he asked.
It blows my mind that anyone could think that a rich asshole being able to have his media company publicly out non-public-facing executives of rival companies, defy court orders to remove the video of Hogan in question, or publicly state the line of posting sex tapes is drawn at four years old is good or acceptable.
stufte
Member
What is the problem? That Gawker did something wrong and has to pay a price for it?
DOWN
Banned
Gawker writes awful shit so they really need to learn a different style of journalism somewhere else
Extra Sauce
Member
From my finances illiterate perspective, it sounds like Gawker will eventually rise from the ashes of its current bankruptcy?
BronsonLee
Member
The lawsuit clearly had merit, b
I have no clue why you're trying to explain this to me
Because if you aren't publishing sex tapes and hacked materials, you probably wouldn't lose a lawsuit like this?
Reputable publications aren't being taken out left and right by irate billionaires, so this isn't really a slippery slope argument.
whitemex88
Member
Just give me Kotaku and Deadspin and kill the rest. Even fleshbot
God Dayumm
Banned
Gawker is most likely not disappearing any time soon. It will probably be bought in pieces or as whole.
This seems like a tactic to not have to pay Hogan before an appeal is heard. If Gawker loses the appeal they will sell and screw Hogan and if they lose the company won't be sold.
The floating of Ziff to buy the company is so flagrant that it undoubtedly a ploy to ensure the court doesn't reject the protection filing on the grounds that there is no intent to restructure the company. They are certainly not worthless, if the company was sold in whole, with the lawsuit liability remaining with the current company they would still be in the black by over $200m from their own valuation last year. Denton is clearly trying to diminish the value of his business to get bankruptcy protection.
The floating of Ziff to buy the company is so flagrant that it undoubtedly a ploy to ensure the court doesn't reject the protection filing on the grounds that there is no intent to restructure the company. They are certainly not worthless, if the company was sold in whole, with the lawsuit liability remaining with the current company they would still be in the black by over $200m from their own valuation last year. Denton is clearly trying to diminish the value of his business to get bankruptcy protection.
It's still really scary that they can be.
You're right, but one might argue that it wouldn't have occurred if Gawker didn't delight in outing Thiel.
The boneheaded posting of HH sex tape was just the icing.
stufte
Member
Well if they all start behaving like Gawker, they deserve to be.
I think chap 11 is where they need to retructure to get money or something. 50 cent did the same thing after he lost that lawsuit.
smokeymicpot
Beat EviLore at pool.
I forget about fleshbot. I remember before the resigned it advertised a lot more.
Exactly they had a chance to stop this before it happened. They deserve everything they got.
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
IMPORTANT: Gawker ain't closing shop, they are seeking a re-organization under bankruptcy protection (think MGM).
BronsonLee
Member
Also, this makes that open letter from Denton to Thiel even MORE hilarious in retrospect
Wouldn't Gawker be fine if they had just taken down the video after they were asked to? People might not like millionaires teaming up on an outlet but Gawker still brought this on themselves.
dave is ok
aztek is ok
Sure if they go completely crazy and start outing closeted gay people and posting sex tapes in which the celebrity participants are unknowingly filmed.
The point is that no reputable organization would do that.
I would agree with you in most cases, but here Gawker made some really boneheaded moves when it came to the Hulk Hogan tapes. They had their chance to avoid this but doubled down on their bad decisions.
perfectchaos007
Member
I got that site confused with feminist frequency. my bad mods
pokeystaples
Banned
Uuuuugh, it would suck to lose io9 and deadspin...
Ninja Scooter
Member
He's kayfabe broke.
Hot Coldman
Banned
Riiight, this is where I fall. I mean, I feel like VICE exists in a similar area of the journalism ecosystem to Gawker, and they've never had any bother.
Outing Thiel, the Terry Bollea sex tape... these all felt like utterly self-destructive ventures. The kind of thing no other publication (outside perhaps of British tabloids) has had the audacity to do.
The Real Abed
Perma-Junior
The only one I worry about is Patrick. I know he'll land on his feet if Kotaku disappears. I miss him at Giant Bomb though. I've been watching through their old Mail Bags. It's so weird to see him there again.
Permanently A
Junior Member
Worried about Patrick and Jason, but the rest of Gawker is quite trashy so this is overall pretty good
VeryGooster
Banned
However they restructure best wishes to the Kotaku crowd.
Pretty sure the trial that led to gawkers downfall was about the sextape. Also, even if Peter Thiel is a bad person, his gripe with gawker for outing him seems justified.
Nobody is choosing whom to sue but the billionaires that can afford it. I don't want to trust them to only sue "bad" outlets and not those that reveal ethics violations, bad labor practices, corruption, etc.
A judge told Gawker to take down the sex tape and they refused. It doesn't get more illegal than that.
People aren't trusting the billionaires, they trust the justice system. Gawker legitimately did some bad stuff.
stufte
Member
??? Do you really think that if Gawker had done nothing wrong that the suit would have been successful? It's not like they just choose Gawker out of a hat, Gawker wronged them in a very specific way.
Johnny Cage In The Shower
Member
In this thread people are very upset that laws were broken, people/party was sued and justice was served accordingly.
wesleyshark
Banned
What a glorious day. 😀
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