Gawker Files For Bankruptcy, Begins Process Of Auctioning Itself Off
from the peter-thiel-gets-a-notch-in-his-belt dept
Either way, this is still unfortunate. Even if you believe the Hogan case was justified (and I think you're wrong about that), we should still be concerned when a billionaire basically sets out to destroy a media organization through a variety of lawsuits (many of which appear to be extremely questionable).
What if the next billionaire who gets upset about coverage targets a publication you do like? And don't say that it won't matter if that publication doesn't do anything wrong. Just the lawsuits alone can kill a company. And, even worse, the threat of lawsuits may create a massive chilling effect on what companies publish and how they go about their reporting. And disagree with Gawker's decisions and tactics all you want, the company did break a ton of important news stories. While this does not mean the end of Gawker, it's certainly the crippling of Gawker, and that should be a concern for anyone who believes in a free and open press.