At the same time, they are the only independent online media outlet left in the world. Every other company that once prided itself on being "independent" from the large media network owned by ancient billionaires has now received at least hundreds of millions of dollars in investment from them.
Say what you will about the publishing of the tape (and I for one think it was a despicable action) it certainly showed Gawker's true editorial strength. They could do whatever the hell they wanted, publishing for the editorial integrity rather than to get pageviews.
The idea of every single large online media outlet being at least partially owned by a small group of media companies owned by billionaires is horrifying. BuzzFeed has a great and fascinating new editorial unit, but they have 200 million reasons not to publish anything that goes against the mainstream media.
Gawker is a horrible company, but I'm going to miss them.
[edit] Wow, this is really being run into the ground with downvotes. If you disagree, please don't hesitate to let me know why, as I'm genuinely curious. My email's in my profile if you'd prefer to contact me there. Cheers!