Gawker files for bankruptcy. Good riddance? Or disturbing precedent? | The Tylt

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Gawker files for bankruptcy. Good riddance? Or disturbing precedent?
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#GoodRiddanceGawker
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Gawker Media just filed for bankruptcy protection, but the controversial and beleaguered publisher is fighting to stay alive.

 Is Gawker a slain villain? Or a victim of capitalist censorship?

Filing Chapter 11 is a strategic move on the part of Gawker and its owner, Nick Denton. The restructuring is about fending off attempts to collect the $140 million awarded in the Thiel-funded lawsuit Hulk Hogan filed against Gawker for posting his sex tape.

Gawker employees have been told that the company still plans to fight the Thiel/Hogan case, keeping their doors open in the meantime. But they're also about to be put up for auction, and publisher Ziff Davis has reportedly made an offer to buy the entire operation for less than $100 million.

Gawker has far more enemies than friends at this point, and many of its detractors celebrated the Chapter 11 news as good riddance to bad media. Others agree with writer Bobduh, who wrote "The lesson to draw from Gawker's demise isn't 'awful journalism eventually fails,' but 'the ultrarich can revoke our existence.'"

Good riddance or frightening precedent? What do you think?

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Gawker files for bankruptcy. Good riddance? Or disturbing precedent?
#GoodRiddanceGawker
#FightOnGawker
#FightOnGawker
Whether or not you like Gawker, the case's implications for the future of journalism are chilling.
#FightOnGawker
Daniel Alarcon thinks the news is very bad indeed.
#GoodRiddanceGawker
Gawker's frequently sleazy and unethical tactics have left a lot of people rejoicing at the bankruptcy news.
#FightOnGawker
Many journalists think the news is very bad.
#FightOnGawker
#GoodRiddanceGawker
If they die, many people won't miss them
#GoodRiddanceGawker
FINAL RESULTS
Culture
Gawker files for bankruptcy. Good riddance? Or disturbing precedent?
A festive crown for the winner
#GoodRiddanceGawker
#FightOnGawker