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Gawker Media Worth $83M

Gawker Media’s assets total $83 million, and, last year, it earned gross revenue of $48.7 million. The company’s lawyers revealed the figures on Monday in an effort to minimize the punitive damages in the case against Terry Bollea, aka Hulk Hogan. After awarding the Hulk $115 million on Friday, Gawker’s lawyers said awarding him any more money would be “financially devastating” to Gawker founder Nick Denton, WWD reports.

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1 comment about "Gawker Media Worth $83M".
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  1. Walt Disney from Acme Widgets, March 23, 2016 at 4:22 p.m.

    115 million for a 9 second grainy video.  I think the jury wanted to send a message to media companies that cheat that you will not create revenues when you harm those that are not breaking the rules.

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