Gawker Files for Bankruptcy

03:18

June 10, 2016

Nick Denton, founder of Gawker, talks with his legal team before Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media at the Pinellas County Courthouse on March 8, 2016 in St Petersburg, Florida. Bollea is taking legal action against Gawker in a USD 100 million lawsuit for releasing a video of him having sex with his best friends wife. (John Pendygraft-Pool/Getty Images)

Gawker Media filed for bankruptcy today. The blogging and new media pioneer will be put up for auction and could fetch more than $100 million according to some reports. The bankruptcy comes after a court found the company owed the wrestler Hulk Hogan $140 million in an invasion-of-privacy case. Here & Now’s Jeremy Hobson talks to Mike Regan of Bloomberg Gadfly about the news.

Guest

Mike Regan, Bloomberg Gadfly columnist. He tweets @Reganonymous.

This segment aired on June 10, 2016.