A Florida jury led in favor of Hogan, and he was initially awarded $115 million in the lawsuit. Terry Gene Bollea took the stand in March in his invasion of privacy lawsuit against Gawker, officially maintaining that he is no longer the character he portrayed as Hulk Hogan. He explained that he used the racist insult because he was resentful about a situation between his daughter and her boyfriend. Hogan took to ABC’s Good Morning America and asked his fans for forgiveness after his banishment from the WWE. The WWE was then provoked to terminate its contract with the Hall of Famer, completely erasing him from its history. Hogan was recorded using the n-word while mentioning his daughter Brooke’s boyfriend. In July 2015, the National Enquirer and RadarOnline leaked racist audio from a separate Hogan sex tape with Heather Clem. Soon after filing his suit against the Clems, Hogan reached a $5,000 settlement with Bubba Clem in October 2012. Gawker said it acquired the video from an anonymous source and, therefore, that it should be protected under the First Amendment. Hogan and his lawyers’ team pursued $100 million in damages from Gawker since declaring he was clueless he was being filmed. Hogan furthermore sued Gawker, its founder Nick Denton and the author of the original post, A.J. CNN Sans ™ & © 2016 Cable News Network.A post shared by Hulk Hogan later sued Bubba and Heather Clem for plotting to record the sex tape without him being aware. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Discovery (CNN’s parent company) and Paramount Global, have also trimmed their workforces. Technology companies Google, Meta, Amazon, Spotify, and Microsoft have announced layoffs in recent months.Īnd Entertainment giants, such as Warner Bros. And companies that haven’t laid off staffers have taken strong measures to reduce spending. CNN, NBC News, MSNBC, Vox Media, The Washington Post, BuzzFeed, Dotdash Meredith, Gannett and other news organizations have cut their workforces in recent months. In recent months, the media and technology sectors have taken a battering as advertisers tighten spending amid economic uncertainty.Īcross the news industry, layoffs have been rampant. The company officially relaunched the website in the summer of 2021. I had an absolute blast, and I love you,” Finnegan wrote.īDG purchased the rights to Gawker in a 2018 bankruptcy auction after the gossip website was forced to shut down after losing a massive lawsuit from former wrestler Hulk Hogan. “Can’t say enough about how proud I am of the site and all the brilliant people who worked to create it, and what a staggering shame this is. It’s a business decision, and one that, reluctantly, must be made.”įinnegan tweeted Wednesday morning that Gawker had “an incredible 1.5 years” but that “BDG has decided it is done with Gawker 2.0.” But in this new reality, we have to prioritize our better monetized sites. Gawker published a lot of brilliant pieces in these nearly two years. “We are proud of the site that and her team built. “The most noticeable change you will see today is that BD will be suspending operations of Gawker,” Goldberg wrote. Those changes, he said, would result in laying off 8% of the media company’s full-time staff. In an email to employees, chief executive Bryan Goldberg said the company is “facing a surprisingly difficult” first quarter of 2023 and had made the decision to “reprioritize” some of its investments that “better position the company for the direction we see the industry moving.” The digital media conglomerate BDG, which houses brands such as Elite Daily and Bustle, announced on Wednesday that it will slash its workforce by 8% and shutter the recently relaunched news and gossip website Gawker.
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