Gawker.com, one of the oldest and highest-profile media and culture blogs, is shutting down next week. The closure of Gawker Media’s flagship blog follows Univision’s acquisition of the company for $135 million at a bankruptcy auction earlier this week.
Nick Denton, Gawker Media’s outgoing CEO, informed staffers of the news Thursday afternoon in New York according to a public post on Gawker’s website. A bankruptcy court signed off on the Univision acquisition later on Thursday.
Gawker Media filed for bankruptcy early this year after a Florida jury hit the company with a $140 million judgement after it published excerpts from a video of Hulk Hogan having sex. Hogan’s lawsuit was backed by billionaire hedge funder and Facebook board member Peter Thiel, who has previously called Gawker Media’s now-defunct Valleywag blog “the Silicon Valley equivalent of Al Qaeda.” In 2007, Valleywag published an article outing Thiel as gay.
“I will move on to other projects, working to make the web a forum for the open exchange of ideas and information, but out of the news and gossip business,” said Denton in a statement sent to Recode‘s Peter Kafka. “Gawker.com may, like Spy Magazine in its day, have a second act. For the moment, however, it will be mothballed, until the smoke clears and a new owner can be found. The archives will remain, but Monday’s posts will be the last of this iteration.”