"Gawker" to Shut Down Operations Next Week Following Hogan Scandal

It would appear that Hulk Hogan has dropped the leg on “Gawker” once and for all.

The company posted the following message on the front page of their website yesterday, indicating that they will be shutting down operations next week:

After nearly fourteen years of operation, Gawker.com will be shutting down next week. The decision to close Gawker comes days after Univision successfully bid $135 million for Gawker Media’s six other websites, and three months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaignagainst the company.

Nick Denton, the company’s outgoing CEO, informed current staffers of the site’s fate on Thursday afternoon, just hours before a bankruptcy court in Manhattan will decide whether to approve Univision’s bid for Gawker Media’s other assets. Staffers will soon be assigned to other editorial roles, either at one of the other six sites or elsewhere within Univision. Near-term plans for Gawker.com’s coverage, as well as the site’s archives, have not yet been finalized.

This comes in the wake of the company being forced to pay $140 million to Hogan, after they released a copy of his sex tape on the site. Hogan tweeted the following in response to the report: