Gawker announced Thursday that it will shut down next week after Univision purchased it at auction.
NEW YORK DAILY NEWS
Updated: Thursday, August 18, 2016, 2:39 PM
Snarky news website Gawker.com will post its last articles next week after filing for bankruptcy under the weight of $ 140 million in legal damages.
“After nearly fourteen years of operation, Gawker.com will be shutting down next week,” the site said in a post by reporter J.K. Trotter Thursday.
“The decision to close Gawker comes days after Univision successfully bid $ 135 million for Gawker Media’s six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company.”
Gawker filed for bankruptcy in June, after it was ordered to pay $ 140 million to Hulk Hogan for publishing a sex tape of the wrestler and another man’s wife.
The suit was later revealed to be financially backed by Thiel, a tech investor who sits on Facebook’s board and says that he began working against the website after it outed him as gay in 2007.
Trotter’s post said that the decision to shut down was announced to staffers on Thursday by founder Nick Denton, and that the future of the site’s archives is not yet clear.
The shutdown of Gawker Media’s flagship site comes after it was ordered to pay millions for publishing wrestler Hulk Hogan’s sex tape.
Univision will offer staffers at Gawker.com jobs at other properties in its Fusion Media Group,which includes sites such as Fusion, The Root and A.V. Club, according to POLITICO.
It is also not clear what will happen to affiliated sites such as sports-focused Deadspin, women-centered Jezebel and tech site Gizmodo, which are all part of Gawker Media.
A bankruptcy court will decide whether to allow Univision to purchase the parent company’s other assets later Thursday.
Writers at Gawker.com, which specialized in acerbic coverage of celebrities and politics, took to social media to lament the site’s closure, with much of the blame centered on Thiel.
“Gawker is dead because peter thiel (w the help of charles harder) has succeeded in creating a world where owning gawker is simply not viable,” Jordan Sargent wrote on Twitter.
Gawker founder Nick Denton made the announcement about the site’s closure to staff on Thursday.
“Gawker was good,” editor Hamilton Nolan said.
Other journalists who saw the swift decline of a rival site also experessed worries about how Gawker was brought down by a billionaire.
“Memo to journalists who don’t work at Gawker: This can happen to you,” Huffington Post’s Nick Baumann tweeted.
Since it was revealed that Thiel was bankrolling Hogan’s suit, he has been more outspoken in his criticism of Gawker and his joy at its demise.
“For my part, I am proud to have contributed financial support to [Hogan’s] case,” Thiel said in the New York Times on Monday, adding that he “woudl gladly support someone else in the same position.”