Gawker Media files for bankruptcy
Gawker Media has filed for Chapter 11 bankruptcy protection and will reportedly be put up for auction, Dow Jones reports:
Gawker Media — which was founded in 2003 and includes other sites like Deadspin, Jezebel, and Kotaku — has reported that it has less than $100 million in assets. Politico reports Gawker currently has no plans to discontinue operations.
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