If a company like Ziff Davis doesn't want - and might intend to shut it down - Denton "intends to buy it back," one of Denton's friends said Friday. But here's the impact Gawker has at its best," he tweeted last week, linking to a greatest hits list. But he has firmly defended 's role as a home for provocative scoops and essays. Advertisers have been much more interested in Gizmodo and the other titles.Īnd some observers believe is permanently stained by the Hogan scandal and other controversial stories in the site's past.ĭenton has publicly expressed regret for some of those. Gawker executives have previously acknowledged that the flagship site is not a primary source of revenue. There's one title he didn't mention: the original one, the target of Hogan's ire,. "With the addition of Jalopnik, Deadspin and Jezebel, we would broaden our position as a lifestyle publisher." "In the event we become the acquirer, the additions of Gizmodo, Lifehacker and Kotaku would fortify our position in consumer tech and gaming," Shah wrote. Other companies will likely place competing bids. The auction will likely take place "at the end of July," Ziff Davis CEO Vivek Shah wrote in an internal memo. The initial bidder is Ziff Davis, which is bidding between $90 million and $100 million, according to sources. This summer a bankruptcy judge will oversee an auction of the company's assets. On Friday, the company filed for bankruptcy protection in a bid to stop Hogan from seizing its assets. The company is on the hook for as much as $140 million in an invasion of privacy suit filed by Hogan and financed by billionaire Peter Thiel.Īccording to legal filings, Gawker doesn't have the funds to pay the judgment or a $50 million bond. Gawker Media, the umbrella company, now includes seven main sites and some other assets. Gawker gradually expanded, spinning off separate blogs like Jezebel and Gizmodo, and broadened its scope to cover politics, culture and other subject matter. The blog originally devoted itself to Manhattan media gossip. "The official channels have long failed those with allegations of harassment the unofficial channels, largely internet word-of-mouth, have finally prodded news organizations and employers into action.A buy-back of would be a poetic ending for the former Financial Times journalist and entrepreneur who launched Gawker in 2002. "They say that news is the first draft of history well, as we used to say at Gawker, gossip is the first draft of news," Denton wrote. Those risks ended up sinking Gawker when professional wrestler Hulk Hogan successfully sued the company for publishing a clip of a sex tape he was in.ĭenton points to harassment as one major area where gossip has been positive, providing a way for these stories to be told to a broader audience. In the post, Denton offers a reminder that gossip can be used for both good and bad ends, and has its risks. Yet Gawker's previous work has taken on new significance after stories from the New York Times and the New Yorker about Harvey Weinstein opened the floodgates for women to go public with their stories about other powerful men.Īs Denton notes, many of these men and their behavior was covered by Gawker years earlier, including Weinstein, fashion photographer Terry Richardson, and film director James Toback, among others. Once a fixture of the New York media scene, he's been under the radar since Gawker declared bankruptcy and was sold to Univision. The post is notable because Denton has recently kept a low profile recently. How Harvey Weinstein allegations went from inside joke to national scandal: A timeline
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |