With Gawker On The Market, What Happens Next

05:43

August 16, 2016

Gawker Media founder Nick Denton, arriving in a courtroom earlier this year. He filed for bankruptcy in the aftermath of a Florida jury's awarding $140 million to Hulk Hogan in a privacy case revolving around a sex tape posted on Gawker.com. (Steve Nesius/AP File)

After 14 years of independence, Gawker Media went up for auction on Tuesday. The news outlet, facing intense financial pressure was forced to file for Chapter 11 bankruptcy in June, following a $140 million legal judgement from an invasion-of-privacy lawsuit by former wrestler Hulk Hogan and funded by technologist Peter Thiel. Univision and Ziff Davis are said to be the two bidders. The looming sale raises questions about the future of Gawker, its famously snarky journalism and its effect on news consumption.

Edmund Lee, of Recode, speaks with Here & Now's Jeremy Hobson about the sale and what to expect next.

Guest

Edmund Lee, managing editor of Recode. He tweets @edmundlee.

This segment aired on August 16, 2016.

Recode