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Gawker hypocrisy8/8/2023 ![]() "This is not only his victory today, but also anyone else who's been victimised by tabloid journalism," Hogan's lawyer David Houston said outside the courtroom. The jury, who spent less than six hours mulling over the case, ruled against the freedom of press argument, ruling that Gawker had indeed violated Hogan’s privacy by publishing the video, and awarding Hogan $115m in compensation, a sum that the website will be hard-pushed to bounce back from. Daulerio and founder Nick Denton might have been distasteful, the concept of freedom of the press was more important to uphold. The appeals court has previously addressed that structure and has not bought Hogan’s arguments that there is something questionable about it.The defense argued that while the actions of former Gawker editor A.J. We’ve been fully transparent about both our finances and the corporate structure, to him and to the courts. “Hulk Hogan is imagining that there is something to uncover here. Gawker has responded in court papers that a major international law firm, Mayer Brown, “analyzed the appropriate arm’s-length pricing for the royalty payable by Gawker to Kinja with respect to the intellectual property. Yet its own pitch book for investors reveals a rosier future: Gawker’s growth plan is to increase its operating income from $6.7 million in 2014 to $43 million in 2019. Gawker has claimed that the $140 million jury award would be “ruinous” to its business, in a bid to get the judge to slash the amount to less than $2 million. ![]() Gawker has refused to give up a document called a “transfer pricing study” that would determine whether the fees are inflated, citing lawyer-client privilege, according to court papers. GMGI is valued at $267 million Denton has a $117 million portion of it. In a Florida courtroom in March, the jury was told that Gawker is worth only $83 million, while Denton’s net worth is $121 million - largely based on his shares in Gawker’s parent company, Gawker Media Group Inc. Denton continues to cloak himself in the Constitution while it also appears he’s expatriating great sums of money to Eastern Europe, potentially to avoid taxation and creditor issues,” Hogan’s lawyer, David Houston, told The Post. “In my opinion, it’s very hypocritical that Mr. The gossip site and its owner, Nick Denton, last month were ordered to pay the pro wrestler $140 million for violating his privacy by posting a sex tape involving him and a then-friend’s wife.īut Denton may try to get out of paying a required $50 million bond and the final judgment by lying about his and the company’s worth, the documents charge.ĭenton, who is Hungarian and British, appears to have hidden millions of dollars in Gawker profits through inflated licensing fees to a Hungary-based sister company, the documents charge. Gawker’s stated net worth of $83 million seems as phony as a WWE bout - and Hulk Hogan’s lawyers want access to confidential documents to try to prove it, according to court papers. Gawker begs readers to have an 'open mind and heart' in quiet relaunchįirebrand writer tapped to bring Gawker back from the dead News, gossip site Gawker shuts down - again!ĭeadspin owner G/O Media buys business news site Quartz ![]()
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