Gawker Media to Sell Minority Stake as Lawsuits Mount

New York Times: Gawker Media plans to sell a minority stake to the investment company Columbus Nova Technology Partners, a move founder Nick Denton said was driven by the need for funding for growth initiatives, and to bolster itself for a continuing lawsuit brought by Hulk Hogan. Daily Beast: Six weeks before Hulk Hogan’s lawsuit against Gawker goes to trial, the wrestling icon’s lead attorney has slapped a fresh court action on the website publisher.