Gawker.com To End Operations Next Week

After nearly 14 years of operations, Gawker.com will be shutting down next week, the company's outgoing CEO Nick Denton told the staff Thursday. The decision comes days after Univision said it would buy Gawker Media properties -- Gizmodo, Jezebel, Kotaku etc (but not Gawker.com) -- for a sum of $135 million. The publication is currently in the middle of multiple lawsuits, with billionaire Peter Thiel revealing his clandestine legal campaign against the company. In a blog post, Gawker made the announcement. From the story: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(TM)s archives, have not yet been finalized. Read more of this story at Slashdot.
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