Gawker files for Chapter 11 bankruptcy protection

June 10, 2016 8:48 PM

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Gawker files for Chapter 11 bankruptcy protection

Gawker Media Group, the parent of the news and gossip site Gawker, filed for Chapter 11 bankruptcy protection Friday and put itself up for sale, two moves designed to limit the financial fallout since losing a $140.1 million privacy-invasion lawsuit to professional wrestler Hulk Hogan in March.

Gawker has appealed the judgment against the company, its chief executive, Nick Denton, and its former editor, A.J. Daulerio, and had asked that it be reduced or stayed while its appeal is pending.

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