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Gawker Files For Bankruptcy As It Faces $140 Million Court Penalty

04:30
Nick Denton, seen here during his legal battle with Terry Bollea, aka Hulk Hogan, has filed for Chapter 11 bankruptcy protections for Gawker Media, the company he founded 13 years ago. (Getty Images)
Nick Denton, seen here during his legal battle with Terry Bollea, aka Hulk Hogan, has filed for Chapter 11 bankruptcy protections for Gawker Media, the company he founded 13 years ago. (Getty Images)

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