>>GAWKER MEDIA GROUP HAS FILED
FOR BANKRUPTCY. IT FINDS ITSELF ON THE AUCTION BLOCK AFTER IT’S
HULK HOGAN SEX TAPE CASE WENT HORRIBLY WRONG AND A GIGANTIC VERDICT WAS
LEVIED AGAINST THEM, IN TERMS OF THE MONEY THEY WILL HAVE TO PAY
HIM –>>THEY PLAN TO APPEAL IT, OF
COURSE –>>THAT WILL
FORM THE BASEMENT
FLOOR FOR HOW MUCH GAWKER, WHICH IS MADE UP OF A NUMBER OF
DIFFERENT POPULAR ONLINE WEBSITES HAVING TO DO WITH THE
NEWS, WITH TECH AND THOSE SORTS OF THINGS — THIS CAN BE TRACED
BACK OF COURSE TO THEIR DECISION TO PLAY THE SEX TAPE OF HOGAN,
AND HULK, WHOSE REAL NAME IS TERRY G. BOLLEA –>>SO WE EXPECTED THAT THAT WAS
GOING TO STING, AND COULD LEAD TO THE DESTRUCTION OF THE
COMPANY. THEY SAY THEY WILL CONTINUE TO OPERATE DURING THE
BANKRUPTCY, AND AS I SAID THEY WILL BE APPEALING THE JUDGMENT.
BUT FOR GAWKER, FOR ITS OTHER PROPERTIES, OBVIOUSLY THE PEOPLE
WHO WORK THERE, THIS FEUD THEY HAVE HAD WITH PETER THIEL HAS
NOT GONE WELL FOR THEM.>>IF GAWKER IS WORTH $100
MILLION, WHAT ARE WE WORTH? PEOPLE ARE SURPRISED THEY WENT
BANKRUPT. REALLY, THERE IS AN ONLINE MEDIA COMPANY THAT HAS
$140 MILLION LYING AROUND? SEARCH AROUND THE SOFA, WILL
YOU? OF COURSE THEY WENT THANK. BANKRUPTCY HAS FUNNY LAWS IN
AMERICA, THEY CAN RESTRUCTURE, THEY DON’T HAVE TO PAY ALL THEIR
DEBTS, THEY CAN DELAY THE PAYMENTS TO HULK HOGAN BECAUSE
BANKRUPTCY PROCEEDINGS GIVE YOU SOME PROTECTIONS, THEY
WILL BE ABLE TO OPERATE THE WEBSITE, THE GOOD NEWS IS
PEOPLE WON’T GET FIRED IMMEDIATELY, AND I LIKE
SOME OF GAWKER’S WORK. I DIDN’T AGREE WITH THEM ON WHAT
THEY DID WITH THE HULK HOGAN CASE.>>DO YOU THINK THEY DESERVE THAT
PENALTY?>>IT IS HARD TO TELL.>>THAT IS A CRAZY NUMBER.>>DOCTORS WHO CUT OFF THE WRONG
WAY DON’T GET JUDGMENTS AGAINST THEM LIKE THAT.>>I THINK THAT JURY FELT LIKE
THEY WANTED TO SEND A MESSAGE ABOUT, YOU HAVE INVADED ALL OF
OUR PRIVACY FOR TOO GODDAMN LONG.>>GAWKER HAS MADE A LOT OF
QUESTIONABLE DECISIONS, BUT NOT ALL OF THEIR SITES AND ALL OF
THEIR EMPLOYEES HAVE, THAT IS WHY IT IS GOOD THEY CAN
CONTINUE. BUT THE DOLLAR VALUES IN THESE CASES ALMOST NEVER MAKE
SENSE. I WOULD LET YOU PUT OUT A VIDEO OF ME DOING ALMOST
ANYTHING YOU CAN IMAGINE FOR 1/100 OF THAT AMOUNT.>>NO ONE IS OFFERING, JOHN, BUT
I HEAR YOU.>>I WILL DO A KICKSTARTER TO
RAISE THAT MONEY.>>A LOT OF PLEAS FOR FUNDS
TODAY, I NOTICED.>>THE PETER THIEL THING, WHAT
THEY DID IN OUTING THAT HE WAS GAY WHEN IT WAS TOTALLY
UNNECESSARY, AND THEY’VE DONE OTHER THINGS IN TERMS OF
REVEALING THAT BROTHERS OF POLITICIANS WERE GOING TO HIRE A
GAY PROSTITUTE OR SOMETHING LIKE THAT — THEY MAKE THESE
EXTREMELY QUESTIONABLE DECISIONS THAT DON’T FURTHER THE PUBLIC
GOOD, THAT ARE FOCUSED ON MAKING MONEY — WITH THIS NEW DEBT IT
WILL BE EVEN HARDER TO AVOID THAT SORT OF TEMPTATION,
I SUPPOSE. BUT THAT DOESN’T MEAN THEY
DESERVE THIS SORT OF JUDGMENT AGAINST THEM.>>A LOT OF PEOPLE ARE ON PETER
THIEL, AND I DON’T AGREE WITH HIS POLITICS AT ALL, THEY
SAY HE HAD A VENDETTA AGAINST GAWKER BECAUSE OF THAT, HE
FINANCED HULK HOGAN’S LAWSUIT.>>TO THE TUNE OF $10 MILLION.>>AS MUCH AS I DISAGREE WITH HIS
POLITICS, I MIGHT DO THE SAME THING. YOU MESS WITH ME,
I WILL MESS WITH YOU. IF I WAS A BILLIONAIRE,
WATCH OUT.>>WE WILL GET YOU,
WASHINGTON POST.>>BUT ALL HE DID WAS HELP
FUND A LEGITIMATE LAWSUIT. THIS IS NOT A FRIVOLOUS
LAWSUIT, IT IS LEGITIMATE. AND 12 STRANGERS VALIDATED IT.>>THIS IS THE DEATH PENALTY FOR
THEM, THE QUESTION MIGHT BE ARE THEY DESERVING OF THE DEATH
PENALTY? BUT THAT THEY WOULD FINALLY GET, AS YOU SAID, JOHN,
AFTER SO MANY OF THESE HORRIBLE STORIES, I CONSIDER THEM
HORRIBLE BECAUSE AS YOU SAY THEY HAVE A TENUOUS RELATIONSHIP TO
ANYTHING THAT IS GERMANE TO LIFE IN AMERICA AND THE WORLD,
THAT THEY WOULDN’T GET SOME LEGAL BLOWBACK EVENTUALLY?