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Gawker com To End Operations Next Week After Nearly 14 Years Of Operation

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Added by Ratu Liny in Sci-tech
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Gawker.com To End Operations Next Week After Nearly 14 Years Of Operation

Gawker.com said Thursday it will shut down next week after nearly 14 years of operation.

The company said outgoing CEO Nick Denton made the announcement to staffers on Thursday afternoon.

Gawker also said that the decision "comes days after Univision successfully bid $135 million for Gawker Media's six other websites, and four months after the Silicon Valley billionaire Peter Thiel revealed his clandestine legal campaign against the company."

Univision later announced that it will acquire Gizmodo, Jalopnik, Jezebel, Deadspin, Lifehacker and Kotaku, but that it "will not be operating the Gawker.com site."

"Desirable though the other properties are, we have not been able to find a single media company or investor willing also to take on Gawker.com. The campaign being mounted against its editorial ethos and former writers has made it too risky. I can understand the caution," Denton said in his staff memo.


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