Gawker Media announced that they will be closing Gawker.com next week after fourteen years of operation.
The media company announced the news on their website in a statement on Thursday, Aug. 18, only days after Univision successfully bid $135 million for Gawker’s six other websites in the aftermath of the $140 million judgment that was brought against it by Hulk Hogan and secretly funded by billionairePeter Thiel.
Nick Denton, Gawker Media’s founder and CEO informed employees of the decision to shut down the site on Thursday afternoon, hours before a bankruptcy court will decide on the approval of Univision’s bid.
“Staffers will soon be assigned to other editorial roles, either at one of the other six sites or elsewhere within Univision,” reads Gawker’s statement. “Near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized.”
Gawker filed for Chapter 11 bankruptcy in June, three months after Hogan won his lawsuit against the company. Denton has also filed for personal bankruptcy.