Gawker Media Files for Chapter 11 Bankruptcy

[RockaFowler]

http://www.nytimes.com/2016/06/11/business/media/gawker-bankruptcy-sale.html?smid=tw-bna&_r=0

Gawker Media, under pressure from a $140 million legal judgment in an invasion-of-privacy lawsuit by the former wrestler Hulk Hogan, is putting itself up for sale, according to a person briefed on the plan. The company filed for Chapter 11 bankruptcy on Friday after a judge overseeing the suit against the company entered the full judgment and denied Gawker’s request for a stay under terms the company could meet.

[YoungDemCA]

1. Gawker was one of the only mainstream media sites that criticized Silicon Valley

Is it mere coincidence that noted Silicon Valley robber baron (and Libertarian prick who supports Trump) Peter Thiel financed Hulk Hogan's recent lawsuit against Gawker?

Draw your own conclusions.