WSJ says Gawker will be put up for auction..

"Quadradeuce" (quadradeuce) 06/10/2016 at 13:16 • Filed to: None

0

13

!!! UNKNOWN CONTENT TYPE !!!

So there’s hope someone decent will pick up Jalopnik, but I bet Oppo goes dark reeeeaaallll soon.

PartyPooper2012 > Quadradeuce 06/10/2016 at 13:19

0

Nooooooo!

Berang > Quadradeuce 06/10/2016 at 13:27

0

if somebody buys the company out, they’d presumably be getting the whole shebang, including kinja. So it may not be lights out anytime soon.

Huell Howitzer > Quadradeuce 06/10/2016 at 13:28

0

I think Opposite Lock just runs itself. The content is created by users, so as long as the server keeps running Kinja, i don’t think it’s going away.

Ruschhaupt > Quadradeuce 06/10/2016 at 13:29

0

So where’s our after party? R&T?

$140,100,000.00 > Quadradeuce 06/10/2016 at 13:34

4

facw > Quadradeuce 06/10/2016 at 13:35

0

It’s a bit weird. The think I read said they filed for Chapter 11, which is protection from creditors rather than a liquidation, which makes an auction seem less likely (though a sale is quite possible).

TheTurbochargedSquirrel > Berang 06/10/2016 at 13:39

1

The thing is whether or not they want semi-private blogs being run on their platform.

Quadradeuce > facw 06/10/2016 at 13:41

0

The WSJ article said they already have a bid.

Berang > TheTurbochargedSquirrel 06/10/2016 at 13:44

1

But everybody knows the good content starts on the blogs.

facw > Quadradeuce 06/10/2016 at 13:45

0

Well that’s not an auction. That’s just looking for a buyer. I’d expect them to find one, since Gawker Media is both profitable, and has a decent chance of at least getting that massive judgement reduced. But it seems like after the judge rejected their bid to take money out of escrow, they got in a huge money crush.

TheTurbochargedSquirrel > Berang 06/10/2016 at 13:51

1

I was just thinking that we should get Road & Track to take us under their wing. They could even have “from the community” stories that collects the best stuff we come up with. They could also hire all the Jalopnik writers.

Quadradeuce > facw 06/10/2016 at 13:51

3

“The sale auction will begin with an opening bid of $100 million from the digital media company and publisher Ziff Davis LLC, according to a person familiar with the matter.”

That sounds like an auction to me.

fintail > Quadradeuce 06/10/2016 at 15:24

0

100MM? Thats interesting,

Will the new budget keep maintaining the grey system alive?