Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Gawker Media Files for Chapter 11 Bankruptcy Protection

The New York company says in the filing that it has as much as $500 million in debt and up to $100 million in assets

People walk past a building that lists offices for Gawker Media in New York, photo: Reuters/Brendan McDermid
2 years ago

NEW YORK — Gawker Media has filed for Chapter 11 bankruptcy protection, about three months after pro wrestler Hulk Hogan won a $140 million lawsuit against the online gossip and news publisher.

The New York company says in the filing that it has as much as $500 million in debt and up to $100 million in assets.

Hogan sued Gawker after it posted a video of him having sex with a friend’s wife. Hogan was awarded $115 million in compensatory damages plus an added $25.1 million in punitive damages.

It was later revealed that billionaire tech investor Peter Thiel had been secretly funding Hogan’s lawsuit.

Comments Whatsapp Twitter Facebook Share
More From The News
Business

Bitcoin futures soar amid frenzy over vi ...

2 days ago
Science

France names winners of anti-Trump clima ...

2 days ago
Business

The Latest: Bitcoin futures end 1st day ...

2 days ago
Latest News

Tigertown: Morris, Trammell elected to b ...

2 days ago
Most Popular

Up to 90 Million More Takata Airbag Infl ...

By The Associated Press
Business

Deficit in the Mexican Payments Balance

By The News
Business

Mexico's Industries seek U.S. Partner Co ...

By Rosalba Amezcua
Business

Empowering Women's Financial Stability

By Rosalba Amezcua
Business

Scandal-plagued Toshiba Sells Medical Un ...

By The Associated Press
Business