Technology

Univision Shuts Down Gawker, Hulk Hogan Reacts

In recent weeks, Univision has been expanding into the English-language market by purchasing English-language media properties such as Onion, Inc. and Gawker Media, the latter of which was purchased earlier this week for for $135 million at auction. However, while Univision is keeping the Gawker Media brand alive, along with Gawker Media websites such as Jalopnik, Jezebel, Deadspin, Kotaku, Gizmodo and Lifehacker, they will be shutting down the flagship Gawker.com website.

Naturally, no potential buyer wanted to keep Gawker.com site alive, since it’s the website that led to the disastrous litigation that damn near destroyed the company. Earlier this year, Hulk Hogan sued Gawker Media into bankruptcy for releasing clips from a sex tape in which he could be seen in bed with the wife of his friend, radio host Bubba the Love Sponge. The court sided with Hogan, and Gawker was ordered to pay $140 million in damages. Univision essentially rescued the company from the gutter, giving other websites under the Gawker Media banner a second chance. But not so for Gawker.com. Editor-In-Chief Nick Denton announced the end of Gawker.com in a statement to his employees:

Sadly, neither I nor Gawker.com, the buccaneering flagship of the group I built with my colleagues, are coming along for this next stage [of the company]. Desirable though the other properties are, we have not been able to find a single media company or investor willing also to take on Gawker.com. The campaign being mounted against its editorial ethos and former writers has made it too risky. I can understand the caution.

Univision Shuts Down Gawker, Hulk Hogan Reacts

Source: YouTube

For his part, Hulk Hogan is relishing his victory over Gawker Media, celebrating the news of Gawker.com’s demise on Twitter:

While I’m not exactly mourning the loss of Gawker.com, particularly since sites like Jalopnik will continue on under Univision’s umbrella, I do feel bad that some people are losing their jobs all due to the arrogance and carelessness of their boss. Denton really should have known that leaking that video themselves would end badly. But I guess he thought he’d be protected by Freedom of the Press. Ah well, I hope some of the writers and developers who’ve lost their job are able to find other work.

What do you think of this entire situation? Sound off in the comments!

And for more entertainment news, find out why Amy Schumer is embroiled in a war of words with one of the writers on her Comedy Central show!

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