I've long stopped reading Gawker for serious news or even entertainment...but I'm going to miss it as it is possibly the only independent online media outlet that actually made a profit. BuzzFeed might make a profit but NBC(Comcast) owns $200M of it [1]. Vox, too, got $200M from NBC [2]. Vice, as far as anyone can tell, is not near profitability (it just started its own TV channel), and has $400M from Disney [3]...an…
Gawker made"...In 2009 $60 million in advertising revenues and more than $30 million in operating profit. ..." Wikipedia When it goes to appeal I am sure the number will be negotiated downward or nobody wins and Gawker closes.
I'm pretty sure the Hulk Hogan team would consider that a victory. If they are able to bankrupt and shutter Gawker, they will be vindicated.