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There is a version of the story of this company in which idealistic journalists, unconcerned with profit, are posed against ruthless business-doers, concerned about profit above all else. The real and less romantic story is this: The journalists at Deadspin and its sister sites, like most journalists I know, are eager to do work that makes money; we are even willing to compromise for it, knowing that our jobs and futures rest on it. An ever-growing number of media owners, meanwhile, are so exceedingly unwilling to reckon with the particulars of their own business that they refuse to accept our eagerness to help them make money.

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Tekashi 6ix9ine associates convicted in NYC gang case after rapper's testimony. By Alexandra Steigrad. February 18, pm Updated February 19, pm.

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Nick Denton has built a panopticon. From his living-room window, he can all but see his favorite table at Balthazarand his favorite table at Balthazar is picked for optimum surveillance of the room that surrounds it. Yet all this omnividence goes two ways: Just as Denton seems to be watching every powerful figure in New York, every powerful figure in New York seems to be watching him.

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It seems likely that a similar conversation played out earlier this year in the Back Bay offices of Great Hill Partners, the private-equity firm that now owns the company where I am on the payroll until the end of today. The managing partners—all of them men, white, and members of the one percent—agreed to buy this company at a steep discount, and to bring in another white male one percenter as co-owner and CEO. This company had a good platform and strong brands; all they needed to do was hire a few people who could make it profitable. All they needed was adults in the room.

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Inthe company closed its flagship publication Gawker. The original Gawker gossip blog was launched in December by former British journalist Nick Denton, who ran the website from his apartment in the Soho neighborhood of New York City. The company was first incorporated in Budapest, Hungary, where it maintains a small office with several programmers.

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Incorporated in the Cayman Islands[1] as ofGawker Media was the parent company for seven different weblogs and many subsites under them: Gawker. All Gawker articles are licensed on a Creative Commons attribution-noncommercial license. Inthe company filed for Chapter 11 bankruptcy protection [5] as a direct result of the monetary judgement against the company related to the Hulk Hogan sex tape lawsuit.

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By Dade Hayes. Univision has completed the sale of assets comprising Gizmodo Media Group — the portfolio once known for Gawker — as well as The Onion to private equity firm Great Hill Partners. Terms of the deal were not disclosed.

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And Thiel, it turns out, can hold a grudge. If triggered, the insurance could have meant a higher payout for Hogan but would have protected Denton from personal financial ruin. Hogan and now it turns out Thiel wanted it to be Denton himself who paid for the damages.

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Here lies Valleywag, a Silicon Valley gossip and news site launched in by Gawker Media and decommissioned in You can find incisive news and commentary on the personalities and institutions that govern the technology world at Gizmodo. Prerna Gupta and her husband Parag Chordia own a company that makes iPhone apps.

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Let friends in your social network know what you are reading about. The plan for a kinder, gentler version of Gawker seems to have vanished. A link has been sent to your friend's email address.

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