"It is a great day for Terry Bollea and a great day for everyone's right to privacy," Thiel, a prominent venture capitalist and Facebook board member, said in a statement.Įarlier this month, Gawker's lawyers filed a motion for discovery to examine Thiel's connection to Harder and explore a lawsuit against the billionaire over his involvement. On Wednesday, he celebrated the settlement. Gawker’s nemesis was not going away.”Įarlier this week, Thiel, whose involvement in the case was secret until FORBES revealed that he had been funding Hogan’s defense, stood behind his involvement in the case in an interview at The National Press Club and said that “single-digit millionaires” do not have the resources to pursue claims in the American legal system. “But all-out legal war with Thiel would have cost too much, and hurt too many people, and there was no end in sight. “ Yes, we were confident the appeals court would reduce or eliminate the runaway Florida judgment against Gawker, the writer of the Hogan story and myself personally,” Gawker Media founder Nick Denton wrote in a blog post in response to the settlement. Late Tuesday, an agenda filed in federal bankruptcy court in Manhattan noted that Gawker’s estate had discussed “various resolutions” with members of a committee of unsecured creditors-the largest of whom is Hogan-and that it had reached a settlement “with certain creditors.” Multiple sources familiar with the negotiations told FORBES prior to the settlement’s revealing that the basic framework of a deal had been reached earlier this week. Stories published about Hogan, Ayyadurai and Terrill will also be removed on. As part of Wednesday’s deal, two of Harder’s other clients, Shiva Ayyadurai and Ashley Terrill, who sued the media outlet for defamation, will also get a combined $1.25 million. Gridskipper, one of Gawker Media's blogs.Hogan’s case was led by Hollywood lawyer Charles Harder, who was paid by Thiel and who has brought multiple other lawsuits against Gawker. Gawker Loses Cheap Tickets as Sponsor (): PRWeek reports that Cheap Tickets has pulled their ad from.Nick Denton: Don't Believe the Blog Hype (): Nick Denton, who runs the Gawker network of blogs, sounds rather negative about the impact of blogs in a recent New York Times article.Nick Denton: Gawker Media is Unacquirable (): A recent OJR article about a new online media bubble has a quote from Gawker Media founder Nick Denton who says Gawker is not for sale and unacquirable.Censored Gawker Blogs to Run on Yahoo News (): Yahoo has cut a content deal with Gawker Media to feature posts from Gawker blogs starting with these five: Gawker, Wonkette, Gizmodo, Defamer and Lifehacker.You've Got to Know When to Fold Them (): Gawker Media publisher Nick Denton blogs that Gawker will shutter its gambling blog Oddjack at the end of the month.Gawker to Develop Original Video Content (): Blogebrity asks is "Gawker TV on its way?" after reading a help wanted post on Gawker for the Gawker Guerrilla Video Project.
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