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Nick Denton Not Happy With Gawker's Success

Gawker Media generated net revenue of $45 million last year, which values the company that Nick Denton built at around $250 million. Across its network of sites, traffic increased 20% in 2014 to nearly 500 million monthly pageviews and 130 million unique visitors. But, as Business Insider reports, Denton isn’t happy. “Editorial traffic was lifted, but often by viral stories that we would rather mock," the curmudgeonly mini-mogul bemoaned in a recent company-wide memo.

Read the whole story at Business Insider »

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