Gossip website Gawker to shut down next week after losing Hulk Hogan sex case
Media and celebrity blog site Gawker.com is to shut down as its parent company is sold to broadcaster Univision.
Gawker founder Nick Denton told staffers that the 14-year-old site was closing down on Thursday afternoon next week, according to a Gawker report.
Univision, the Spanish-language broadcaster, is buying Gawker Media for 135 million US dollars (£102 million) in the aftermath of a 140 million dollar (£106 million) judgment against it in the Hulk Hogan invasion-of-privacy case.
A bankruptcy court judge has to approve the sale at a hearing on Thursday.
Gawker Media's other blogs include the women-focused Jezebel, tech-oriented Gizmodo and sports site Deadspin.
The Gawker case gained additional notoriety when it was revealed Silicon Valley billionaire Peter Thiel had secretly bankrolled Mr Hogan's lawsuit.
Mr Thiel was outed as gay by a Gawker-owned website in 2007.