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Business

Gawker's downfall a gut check for the media

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Opening sequence

Business

Gawker's downfall a gut check for the media

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COMING UP:Gawker's downfall a gut check for the media

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Transcript

00:00:01
>> After 14 years, Gawker is finished. I'm Jennifer Sabe, the columnist with Reuters Breaking News. The reason why Univision is dropping Gawker is because it's a huge liability. Univision bought Gawker out of bankruptcy for $135 million earlier this week. And Univision's going to keep a lot of Gawker's sister properties, which includes Jezebel, Deadspin, Gizmodo.
00:00:26
But, Gawker really, still, was known for pushing the boundaries of journalism. And in some cases it was for good, in other cases they were doing more salacious things, like airing sex tapes or outing certain people. And it's that very style, the same thing that it became known for, and what made money for the site, is the exact same thing that brought it down.
00:00:49
It's key to remember that Gawker has had an impact on many types of blogs, and other journalism, and other outlets. And this sort of signifies the era and ending of that pushing of the boundaries. One big question that remains is what becomes of Nick Denton? What is he gonna do?
00:01:08
What's gonna happen to his money? If this has wiped him out completely because it was basically funded by him, will he see any sort of return from this deal that Univision decided to buy them? And that is really up in the air. What's known and what's for sure is that he'll be wrapped up in an appeal and in the courts process probably for a long time.
00:01:29
The thing that's most interesting about all of this is that it gives news organizations pause as to how far that they can go. And particularly since a rich venture capitalist funded this lawsuit, and that's a really scary thing. Because you could sit here and say well, Gawker deserved it because they pushed the boundaries.
00:01:47
But anybody can do this, and anybody can fund a lawsuit against the New York Times, against Reuters, against any news organization. So that could be a scary thing, and I think that's a chilling effect on a lot of news organizations, who are thinking about what they should and shouldn't publish going forward.