![]() And jurors sided with Hogan, who shed tears in the courtroom when the verdict came down. Gawker’s original travails began when it refused to take down a 2006 sex tape of Hogan, real name Terry Bollea, with the wife of his best friend, Bubba the Love Sponge Clem. Bustle has already attempted a Gawker reboot, only to see it collapse before launching after problematic tweets by its editorial director were dug up. ![]() The problems independent journalism sites face under ownership of venture capitalists are well-known. But he knows how to build traffic using content that we all hate.” “Goldberg is an opportunist who thought he could buy an asset on the cheap, plus the archives, and get all the sparkle, branding and name-recognition to build a large-traffic site to go with his group – and all of which is antithetical to what Gawker stood for. “There’s no way to capture the old anarchic spirit under the control of venture capitalists. “Anyone who cares about Gawker thinks it’s a terrible idea,” said one. While praising Finnegan as a journalistic talent, a former Gawker staffer said many from the old era are unconvinced by its relaunch. “Some great advice I once got was ‘Be less yourself.’ I was 27, and going through a righteous phase that unfortunately coincided with having a national platform on which to write. Finnegan subsequently edited the Outline before it too was sold to Bustle.Īmong her best-known columns, under the heading ‘Unconventional Wisdom: challenging those faux-profound bits of knowledge so often taken for granted’, she reflected on an earlier post in which she had described her boss hitting his head on a lamp during a meeting. Thiel’s crusade against Gawker started after the Gawker-owned tech blog Valleywag, published a post that had outed him as gay.īustle has said the new editor of Gawker will be Leah Finnegan, who had worked at Gawker for a year as a writer and features editor before she took a buyout in July 2015. Sources close to Gawker told the Guardian that Peter Thiel, the German American billionaire entrepreneur and venture capitalist, who had funded Hogan’s libel suit over a sex tape Gawker had posted online, had also looked to buy the company, with a view to preventing the site and its archive from ever returning to the public domain. The company behind the rebirth is Bustle Digital Group, a company known as a clearing house for a dozen publishing sites, among them Bustle itself, Romper, Nylon and W, which purchased Gawker for $1.35m at a bankruptcy auction in 2018.īustle is the brainchild of Bryan Goldberg, described by the New York Post as “a scruffy, 35-year-old media mogul”. Harde r.But Gawker’s original purpose as an independent publishing meteor could be tough to replicate. 1 2 1Unless otherwise noted, exhibits are to the concurrently filed Affidavit o f C harles J. Bollea is entitled to determine how the fee Gawker is paying Kinja is calculated and whether it actually corresponds to their actual value or is a sham to reduce Gawker’s net worth. Pursuant to its licens e, Gawker pays millions o f dollar s to Kinja every year, which substantia lly affects its net w orth. Gawker Defendants re fuse to produce this economic analysis / transfer pricing study that they performed to determine the license fee that Gawker pays to Kinja, the Hungarian sister company which purports to own the intellectual property utilized by Gawker to generate its millions of dollars in annu al profits. When the Gawker Defe ndants produced a licensing agreem ent, it revealed t hat the fee used to transfer all of Gawker’s profits to Kinja is calculated pursuant to a transfer pricing stud y. The Court ordered Gawker Defendants to produce the governing documents and intercompany agreements between Gawker, Kinja and Gawker Media Group, Inc. The omitted items include the follow ing: Gawker Defendants, as they have so many times during this litigation, have again obstructed legitimate discovery and failed to produce responsive documents required under the Cou rt’s July 20, 201 5 order. Bollea moved to compel, and the motion was granted in part on July 20, 2015, with Gawker Defendants ordered to produce additio nal documents. After Gawke r Defenda nts failed to produce relevant and responsive documents, Mr. Bolle a’s request for discovery of Gawker Defenda nts’ respect ive net worths. 1 On M ay 2 9, 2015, th is Court granted Te rry Bollea’ s motion to add a claim for punitive damages and denied the motion of Gawker Media, LLC (“Gawker”) and the two individual defendants (collectively “Gawker Defendants”) for summary judgme nt on that cl aim. Aware of this, on April 22, 2015, Gawker proposed a streamlined discovery pro cess to whi ch the Court agreed.
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