Gawker's nearly 14 years' worth of media-world scoops, amusing rants, gratuitous take-downs and occasional investigative gems will be archived, according to a memo company founder and Chief Executive Nick Denton sent to staffers Thursday announcing the site's closure."We have not been able to find a single media company or investor willing to take on Gawker.com," he wrote. "The campaign being mounted against its editorial ethos and former writers has made it too risky. I can understand the caution. 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."...
Gawker Media, which declared bankruptcy in June after losing an invasion-of-privacy suit brought by Hulk Hogan. A Florida jury awarded him $140 million in the case, which revolved around a sex tape of the wrestler, whose real name is Terry Bollea, that Gawker published. more
