Gawker Likely to File for Bankruptcy, Sell Assets

WWD: A Florida circuit court judge issued a permanent injunction barring Gawker from posting the sex tape video of Terry Bollea, aka Hulk Hogan. Strapped for cash, sources believe that Gawker Media, which operates sites such as Jezebel, Deadspin and Gizmodo, will likely file for bankruptcy and seek a stalking horse bidder, who may sell off its assets.