With the news that Gawker is up for sale after filing for bankruptcy, publishers everywhere should start thinking very carefully about how to protect themselves from a similar fate.
Last Friday, a Florida jury awarded Terry G. Bollea, otherwise known as Hulk Hogan, $115 million in damages in his suit against Gawker.com for posting a sex tape featuring the retired professional wrestler and the wife of his best friend.
Something is rotten at Gawker.
Today, Gawker did something unprecedented and took down a truly vile post it did on the CFO of Conde Nast. Does this signal a new era for the internet's premier gossip merchant?