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Is Kotaku in danger of shutting down?

entremet

Member
http://bigstory.ap.org/article/d800...closing-arguments-expected-hogan-gawker-trial

115 Million dollar judgment so far. More could follow.

There already exists a thread in the OT, but thought a gaming side thread would be relevant as Kotaku is owned by Gawker and this puts them in serious trouble.

Nick Denton, the owner of Gawker, already confirmed to appeal.

More info for those not aware with the case:
ST. PETERSBURG — Nearly three weeks after they first learned that the 62-year-old former wrestler Hulk Hogan had appeared in a sex tape, six jurors began deliberating Friday in a case that tests the bounds of the First Amendment.

In closing arguments, attorneys for Hogan, whose legal name is Terry Bollea, said the former wrestler had suffered terribly when excerpts of the sex tape were posted online in 2012 by the gossip website Gawker. His lawsuit against Gawker, its founder Nick Denton, and the web post's author A.J. Daulerio, has been on trial in downtown St. Petersburg since early March.

Bollea maintains he was secretly recorded and his privacy was violated. He is shown in the video having sex with the wife of a friend, Tampa DJ Bubba the Love Sponge Clem.

On Friday, his attorneys asked the jury to award him roughly $50 million in compensatory damages, a figure they arrived at by calculating how much Bollea might have earned if he had chosen to market the sex tape himself, a possibility he testified had never crossed his mind. If the jury decides to pursue punitive damages, his attorneys will have another opportunity to ask for more money.

In his final appeal to the jury, Bollea attorney Kenneth Turkel described Gawker as a website run by morally debased, traffic-hungry writers who don't believe the right to privacy exists for anyone. Pointing to an interview in which Denton said, "privacy invasion has a positive effect on society," Turkel scoffed.

http://www.tampabay.com/news/courts...hulk-hogan-vs-gawker-sex-tape-lawsuit/2269926
 
Say what you want about Kotaku, but they have some good people working for them. I hope they'll be okay.

And yeah this still has a ways to go since they're going to appeal.
 
"Serious trouble" seems about right

https://twitter.com/patrickklepek/status/710970382606540800
nvisPuA.png
 

Hasney

Member

They've got to put the full amount of money into escrow to do that in Florida apparently.

If they can get that, yeah there's time. I suggested what would happen to Kotaku in one of the threads about the case and someone made the point that if they;re profitable, they'll likely be sold to help them make that escrow/payments to Hogan. If they make a decent profit (and I have no idea one way or the other), they'll probably be fine. Hell, without Gawker, they might even be better in terms of content outside of the main 3 people we know post great stuff there.
 

Ants

Member
gawker media's profit in 2014 was $6.7m of $45m net revenue so i highly doubt that they have $115 to pull out of the ether
 

nynt9

Member
Feel bad for the good journalists at kotaku, but some of the people at gawker absolutely deserve this. Too bad that gawker's crap will have to drag them down :(
 
Gawker seems not a great company, but Kotaku does some pretty damn good work every now and again, so it would be a sad loss to see them go.

Maybe, should Gawker dissolve, they could do like GT and regroup under a new banner?
 

Jarmel

Banned
Oh and they need $50 million to put forth to even appeal in the first place. Websites are going to be sold.
 
I don't like Hogan, but this is still good news. That invasive shit was not okay.

This will probably affect jobs of people that have little to do with this specific case.

It sucks for those people, but their ire should be directed towards their sleazy-ass parent company.
 
Was going to post this, but didn't know if it was substantial enough.
Yeah, seems like it.
Shame we'd lose Kotaku and GameTrailers in the same year
 
Denton and the editors involved with this case are scum, but it's sad this will effect so many employees that had nothing to do with this.
 
This will probably affect jobs of people that have little to do with this specific case.

That's the way the cookie crumbles. Just because you employ a bunch of people doesn't mean you or your company should be protected when doing reprehensible shit.

So it's still good news overall.
 
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