As a result of its ongoing legal battle with wrestler Hulk Hogan, next week Gawker Media will be sold at auction. The controversial media site has incurred nearly $140 million in legal damages after Terry Bollea, aka Hulk Hogan, sued Gawker for publishing a Bollea's private sex tape.
Several months ago Gawker filed for bankruptcy, as did its owner, Nick Denton.
Gawker Media started in 2003 as a New York-based media blog. It has since evolved into a celebrity gossip and political website, known as one of the most incisive and boundary-pushing websites on the internet. Additionally, it expanded into several other wildly popular digital properties including Jezebel, Deadspin, and Gizmodo.
The sale could be very good or very bad for the site. Many of its staffers remain optimistic that a new owner might retain the edgy humor and candor for which Gawker became popular. Other commentators, though, question whether the purchase might not install an owner who would tamp down the original spirit of the website.
What do you think of Gawker?