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March 19, 2016 08:00 pm

Jury Orders Gawker To Pay $115 Million To Hulk Hogan In Sex Tape Lawsuit

An anonymous reader writes: [Hogan's attorneys told jurors this is the core of the case:] "Gawker took a secretly recorded sex tape and put it on the Internet." And now they are paying for it, dearly. Also notable is that there doesn't seem to be anyone interested in defending them, as even the Twitter community (if it can truly be called that) has come out strongly in favor of the ruling against Gawker. Maybe they should have at least made more friends? They did make $6.5 million in net income in 2014 and their Wikipedia article states that they were last sold in 2009 for $300 million, so while they may not be put out of business, it seems likely they will at least be [changing] hands, and soon, with the jury ruling $55 million for economic injuries and $60 million for emotional distress. I think that's jury-speak for "body slam." According to Ars Technica, Gawker Media was one of the first successful, large, digital-only news companies. "The stunning sum, which may have punitive damages added to it, is a life-threatening event for the New York-based network of news and gossip sites."

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