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It’s long overdue.
The left-wing media organization Gawker.com, which recently was ordered to pay wrestler Hulk Hogan $140 million, filed for Chapter 11 bankruptcy protection and put the company’s assets up for sale, according to USA Today.
Gawker executive Ziff Davis has already placed a bid up for the company’s assets, which starts at $100 million ahead of an auction that is set to be supervised by the bankruptcy court.
Davis is planning on buying Gawker’s blogs, but will not assume the company’s liabilities. The site’s liabilities are apparently estimated to be $100 million to $500 million.
Naturally, the Twitter reaction of Gawker’s demise was music to conservatives’ ears:
Goodbye and good riddance to Gawker https://t.co/MFQyAxT1Sa pic.twitter.com/qm76WjgxT3
— New York Post (@nypost) June 11, 2016
https://twitter.com/notch/status/741352693248069632
https://twitter.com/Cernovich/status/741497347918733312
https://twitter.com/seanmdav/status/741499886709932032
Why would someone buy Gawker?
— John Podhoretz (@jpodhoretz) June 11, 2016
I'd hate to own stock in any company that buys #Gawker. Good luck spray-painting that turd.
— Scott Adams (@ScottAdamsSays) June 10, 2016
.@Gawker don't forget to update your résumé by highlighting your recent experience as a Gawker professional
— David Burge (@iowahawkblog) June 10, 2016
.@Gawker will this tweet be available at the bankruptcy auction?
— David Burge (@iowahawkblog) June 10, 2016
https://twitter.com/Cernovich/status/741355768151179264
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