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Gawker.com will cease operations next week

<p>Hulk Hogan and Peter Thiel's total decimation of Gawker is almost complete. </p><p><a href="http://gawker.com/gawker-com-to-end-operations-next-week-1785455712" target="_blank">Gawker announced today</a> that it will shut down its website next week after Univision bought Gawker Media in a bankruptcy auction.</p><p>Gawker Media's six other sites — which include Jezebel, Gizmodo and Deadspin — will remain online. </p><p><b>SEE MORE: <a href="http://www.newsy.com/videos/peter-thiel-just-made-rnc-history-by-owning-his-sexuality/">Peter Thiel Just Made RNC History By Owning His Sexuality</a></b></p><p>This means Hogan likely got even more than he aimed for when he began his lawsuit against the company. </p><p>Hogan's beef with Gawker started when the site published clips from a video that showed him having sex with a friend's wife.</p><p>Hogan eventually filed an <a href="http://www.newsy.com/videos/hulk-hogan-pins-gawker-to-the-mat-for-115-million/" target="_blank">invasion of privacy lawsuit</a> and won a $140 million judgment.</p><p>The key to Hogan's defense was that Gawker published the tape instead of just reporting on its existence. </p><p>A <a href="http://www.theguardian.com/media/2015/jul/22/gawker-media-hulk-hogan-privacy" target="_blank">University of Chicago law professor</a> put it to The Guardian this way: "The distinction that really matters where privacy law is concerned is a visual depiction of a sex act. ... The law regards the publication of a sex tape as much more troubling." </p><p>After the initial verdict, it was revealed that Thiel, a billionaire venture capitalist, was financing the suit the whole time. </p><p>He was also behind several other suits filed against the company. Gawker accused him of trying to exact revenge because the site outed him as gay almost a decade before. </p><p>Three months after Hogan won his suit, Gawker Media filed for bankruptcy.</p><p>And now the site is shutting down for good. It hasn't finalized plans for what will happen to its archives, but its employees will be transferred to positions within Gawker Media or Univision's other properties. </p><hr><b>Trending stories at <a href="http://www.newsy.com">Newsy.com</a></b><ul class="inline-related-links"><li><a href="http://www.newsy.com/videos/justice-department-plans-to-stop-using-private-prisons/">The Justice Department Plans To Stop Using Private Prisons</a></li><li><a href="http://www.newsy.com/videos/it-seems-like-everyone-is-ignoring-the-flooding-in-louisiana/">Why Aren't We Talking About The Horrific Flood In Louisiana?</a></li><li><a href="http://www.newsy.com/videos/chicago-police-superintendent-recommends-firing-7-officers/">Chicago Police Superintendent Recommends Firing 7 Officers</a></li></ul>
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NEW YORK (AP) — Gawker.com, the brash New York website that broke new ground with its gossipy, no-holds-barred coverage of media, culture and politics, is shutting down after 14 years, brought low by an unhappy, but deep-pocketed, subject.

The news — appropriately enough, broken by Gawker itself — follows the sale of the site's parent company to Univision. Founder Nick Denton reportedly told staffers Thursday afternoon that Gawker.com will come to an end next week. Twitter immediately went berserk in an unholy mélange of shock, sadness and Schadenfreude.

Univision, the Spanish-language broadcaster, is buying the parent company, Gawker Media, for $135 million following its loss in a major invasion-of-privacy case brought by the former pro wrestler Hulk Hogan. Gawker had published a video of Hogan having sex with a friend's wife.

A Florida court awarded Hogan, whose lawsuit was secretly backed by an aggrieved Silicon Valley billionaire, $140 million in damages. Gawker Media went into bankruptcy protection after the verdict, and a judge has to approve the sale at a hearing Thursday.

"The real shame is that Gawker gave Hogan a sledgehammer with which (to) pulverize it in state court," New York University journalism professor Adam Penenberg tweeted . "If you want to ascribe blame, blame Denton."

Other Gawker Media blogs may live on. The company currently publishes seven sites in addition to Gawker.com, including the feminist-focused Jezebel, the tech site Gizmodo and the sports site Deadspin. Univision wants those properties to help build a more youthful audience than that commanded by broadcast TV.

But Gawker's real enemy, it turns out, wasn't Hogan so much as Peter Thiel, a PayPal founder and early investor in Facebook who a Gawker site had outed as gay in 2007. Thiel's vendetta against Gawker raised concerns about wealthy people covertly working to undermine media companies they didn't like.

Gawker's snarky and frequently vulgar style was influential throughout publishing. The site became a breeding ground for journalists, some of whom went on to jobs at the sort of establishment media outposts Gawker itself frequently mocked.

"I think in a lot of ways Gawker has helped to define the voice of the internet," said Josh Benton, the director of the Nieman Journalism Lab at Harvard University, who said he's been a daily reader "as long as there's been a Gawker."

The site was initially a breezy, insider-y chronicler of the media that made it a must-read for many in the industry. In later years it branched out into salacious stories of all kinds, but still enjoyed needling establishment figures in media and technology.

Denton, an outspoken a former Financial Times journalist, for now does not plan on going to Univision. He also declared personal bankruptcy as a result of the Hogan case.