Gawker will cease publication next week

Univision, which bought the bankrupt Gawker Media network for $135 million on Tuesday, will not continue to operate the namesake website, Gawker confirms. The website will be shut down next week after a 14 year run. Until now, Gawker staffers had been uncertain of the website's fate, with many writers and fans pleading for the Spanish-language TV network to continue to run the site.

"Excluding Gawker.com from the acquisition, or deciding to end its editorial operations, would not necessarily entail layoffs, as Univision executives have committed to finding positions for current Gawker.com staffers elsewhere within Univision, including among the other six sites," Gawker wrote in a post about the website's fate on Wednesday.

While a clause allowed Univision to choose to transfer Gawker back to the bankrupt entity within three days of closing the deal, the acquisition still puts the network in possession of Deadspin, Gizmodo, Jalopnik, Jezebel, Kotaku, and Lifehacker. Gawker's founder, Nick Denton, left the site after the sale to Univision.

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