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Gawker Founder Nick Denton Says His 'Sites Will Thrive' Amid Bankruptcy!

Nick breaks his silence!

Nick Denton is keeping his head held high after filing for bankruptcy.

On Friday, word got out that the Gawker Media founder declared Chapter 11 after being ordered to shell out $140 MILLION to Hulk Hogan over that sex tape lawsuit.

And in order to keep his company afloat, the 49-year-old is supposedly auctioning off his business, and digital media company Ziff Davis is said to have entered an opening bid between $90 and $100 million.

Related: Hulk Files ANOTHER Suit Against Gawker!

But despite the money issues, the UK native is adamant that his sites will survive!

He took to Twitter to respond to Gawker's bankruptcy, and also SLAM billionaire Peter Thiel for starting his own war with the webpage, posting:

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Gawker Media Files For Chapter 11 Bankruptcy After Major Loss In Hulk Hogan's Invasion Of Privacy Suit!

gawker files for bankruptcy

We can't say we're surprised.

On Friday, it was revealed that Gawker Media has filed for Chapter 11 bankruptcy following their devastating loss against Hulk Hogan in his invasion-of-privacy lawsuit. Oh man.

Related: Johnny Depp Auctioning Pricey Art Collection

As you may recall, the wrestler was awarded $140 million dollars from a Florida judge after he sued the media site for releasing snippets from his sex tape. The company, founded by Nick Denton, claims they only have

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Gawker Founder Claps Back At Peter Thiel's Secret War Against The Company — Says He's A 'Thin-Skinned Billionaire'

nick denton open letter

Dramaaa!

On Thursday, Gawker Media founder Nick Denton took to his site to SLAM his newly revealed nemesis, who is the tech billionaire Peter Thiel, for bankrolling lawsuits against the digital news operation. Oh snap!

As you may know, this beef all started when Thiel gave an interview to the New York Times and accused the media site of outing him as gay and causing pain to several of his dear friends. Obviously, Denton was not thrilled about this — especially since this bit of legal drama comes not long after Hulk Hogan's major victory over Gawker.

Related: Florida Judge Upholds Hulk Hogan's $140 Million Victory Against Gawker

In his open letter, Denton wrote:

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Florida Judge Upholds Hulk Hogan's $140 Million Victory Against Gawker & Denies The Site's Request For A New Trial!

Filed under: Legal MattersHulk HoganSexControversy

Get the deets!

Hulk Hogan wins again!

On Wednesday, a judge upheld the wrestler's legal victory against Gawker in that sex tape lawsuit. For those who may not remember, a jury ruled that the 62-year-old would receive $115 million from the gossip site, as well as another $25 million in punitive damages, for a grand total of $140 million.

The webpage's founder, Nick Denton, had filed a motion to try and get the celeb's winnings reduced, or just have the jury's verdict thrown out altogether, and get a new trial ordered.

Related: Hulk Files ANOTHER Lawsuit Against Gawker!

However, Florida Circuit Judge Pamela Campbell decided the TV personality's winnings would not be touched, and shot down Gawker's request for a new trial.

But the fight's not over yet.

Now that the magistrate has officially settled how much the site owes Mr. Hogan, the case will move on to the appeal stage, since Nick is battling the celeb's big victory.

What do U think about all this, Perezcious readers? SOUND OFF in the comments!

[Image via DJDM/WENN.]

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Gawker Founder Nick Denton Has NO REGRETS About Posting Hulk Hogan's Sex Tape! Watch His Unapologetic GMA Interview!

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No one works in the media to make friends!

Earlier this week, Hulk Hogan was awarded $115 million in his trial against Gawker Media, who the WWE star sued for posting a sex tape of him and his former best friend's wife.

In addition to Hogan (born Terry Bollea)'s compensatory damages, the Florida jury added $25.1 million in punitive damages as they believed that the controversial site broke the law.

The jurors had strong words for the site's founder Nick Denton, who they believed never showed any signs of remorse during the trial — and according to Denton, the jury was absolutely right!

Related: Denton Writes A Lengthy Rebuttal To Hogan's $140 Million Victory

In an interview with ABC News on Thursday, the founder was unapologetic about posting the controversial story, because he deemed the material "newsworthy" — and said he would do it again!

He explained:

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Gawker Founder Nick Denton Writes A Lengthy Rebuttal To Hulk Hogan's $140 Million Victory: 'We Will Be Vindicated'

Filed under: Legal MattersHulk Hogan

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Nick Denton is NOT backing down!

As we reported on Monday, Hulk Hogan was awarded $140 million against Gawker Media for posting his sex tape with his former best friend's wife.

On Tuesday, the blog's founder wrote a lengthy post on his website where he plans to fight the verdict.

Related: Gawker Editors Resign!

He said:

"Emotion was permitted to trump the law, and key evidence and witnesses were kept from the jury. We have had our day in trial court, and we lost. We will have our day back in appeals court, and we will be vindicated."

The 49-year-old journalist believes the case wasn't so much about the wrestler's sex life; it was about the racial slurs Hogan said in the footage.

"Hogan filed the claim because he was terrified that one of the other tapes, which memorialized his rant about his daughter dating "fucking n***ers," might emerge. As I have come to learn, Hogan himself put it in a text message to his best friend… days after we published our story: ‘We know there's more than one tape out there and a one that has several racist slurs were told. I have a [pay-per-view special] and I am not waiting for anymore surprises….' I had suspicions, but it is now clear that Hogan's lawsuit was a calculated attempt to prevent Gawker, or anyone else who might obtain evidence of his racism, from publishing a truth more interesting and more damaging than a revelation about his sex life."'

The British writer believes the trial was one-sided from the start.

"The plaintiff's lawyers, with the occasional assist from our witnesses, successfully painted Gawker as representative of an untrammeled internet that good and decent people should find frightening and distasteful."

To read Denton's full statement, ch-ch-check it out (below)

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The Verdict Is In — Jury Rules In Favor Of Hulk Hogan & Says YES To Punitive Damages!

hulk hogan punitive damages

And that's a wrap!

As we reported, Hulk Hogan was awarded $115 million after the jury ruled in favor against Gawker Media, who the the WWE athlete had sued for posting a video in 2012 that featured him having sex with his former best friend's wife. Oh man!

Related: Hulk's Sex Tape Partner Was Unaware She Was Being Filmed

Of course, that initial ruling was only for the compensatory damages that the media site inflicted when they published the seXXX tape without even giving the reality TV star a heads up. On Monday, the jury heard the plaintiff and the defendant's lawyers go head to head over whether or not Gawker should have to pay punitive damages too.

In case you forgot, punitive damages are meant to punish defendants like Nick Denton's scandalized site and to deter future lawbreakers from making a habit of the bad behavior. Hulk (born Terry Bollea)'s legal team pitched during closing arguments that the jury can "make a statement" with their decision.

However, the controversial site's defense noted that the company is only worth

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