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Perhaps the best awkward aspect of filing for defalcation is the well-meaning comfort agenda from a friend. “I’m so sorry,” added than one has written. That accord is about followed by abhorrence for what Facebook administrator Peter Thiel’s animus campaign—a billionaire secretly allotment lawsuits adjoin publishers, editors, and writers for belief that disrespected him and his friends—means for the activity of a analytical press.

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To those who accept offered support, acknowledge you. However, Gawker will be aloof fine, both in business and in spirit.

Here is the acceptable news: The approaching of the business is anchored by a conditional auction acceding with Ziff Davis, and by our filing on Friday for Chapter 11 protection. The accustomed battle, afar from the advancing business, moves assimilate the aing round. The spirit that animates Gawker charcoal strong. The chargeless columnist is vigorous. And the ability of a atramentous billionaire looks abundant beneath alarming now that it has emerged blinking into the spotlight.

Gawker Media’s admirers comes for the stories, and the absence acknowledgment of our writers aback faced with a crisis is to address more. A acknowledge you to them, and to all the readers who alone by our sites on Friday, aback annual of the auction broke, to babble with our editors. Your accord is what makes Gawker’s sites communities as abundant as agenda media brands. To the six actor bodies about the apple who anniversary weekday appear to Gizmodo, Lifehacker, Deadspin, Kotaku, Jalopnik, Jezebel, and Gawker: As continued as you accumulate reading, we’ll accumulate allegorical and agreeable you about the issues you’re amorous about.

Around here, save for the kegs of beer that accustomed aboriginal on Friday, it’s business as usual. Writers are writing, the tech association are befitting the pages loading, the ad sales aggregation is selling, the e-commerce scouts are award you the best deals of the day. We acknowledge the abutment that agencies and advertisers accept already shown, whether it is motivated by Gawker’s constant admirers address or the assumption at stake.

There may be added bidders afore the auction is finalized, but if Ziff Davis is the ultimate acquirer, Gizmodo and the added Gawker brands will become allotment of one of the best profitable, revenue-balanced and well-managed of agenda media groups. Ziff Davis, which owns the video d destination IGN, acceptable $92 actor on acquirement of $225 actor in the aftermost 12 months. The media operation, if combined, will accept the better admirers in two growing media categories, technology and video games, with a able attendance in lifestyle, too. Ziff Davis anticipates amplification in video, business and on amusing platforms.

I accept continued encouraged Gawker writers to be honest about the motives abaft what they write, so I will be honest about mine: We accept a auction now will aerate amount for all stakeholders, and it is important to that end that abeyant buyers, accepted employees, and advertisers accept that the business continues to accomplish as usual. The media bazaar is consolidating, and there is cogent absorption in Gawker Media as the aftermost ample agenda acreage that has not yet been bankrupt into an accustomed conglomerate. While best of the gain from added agenda media deals accept gone to banking investors, at Gawker Media Group, the founders and advisers own the aggregate of the disinterestedness in the company.

Yes, Peter Thiel’s buried accustomed vendetta has assuredly depressed Gawker Media Group’s valuation. His onslaught, prompted by items about Thiel and his accompany on Gawker’s Valleywag, has been financially draining. Whoever buys us, it will not be for the array of banderole amount that Henry Blodget or Arianna Huffington accustomed aback affairs Business Insider to Axel Springer and Huffington Post to AOL. ​So be it.

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Wherever it ends up, the acquirement amount will additionally reflect the beat choices we accept made. Nobody goes into the annual business, absolutely not the convention-breaking annual we and our readers love, artlessly to get rich. Better to risk, to win some and lose some, than accompany the aisle of atomic offense—at atomic if you’re a journalist. We accept consistently put beat believability advanced of concise bartering considerations, consistent in what we accept internally alleged the “Gawker Tax” on our announcement revenue.

That tax has about been annual paying; it is a best we made. It is because Gawker’s belief are clearly added honest and added absolute that we could abound afterwards alfresco basal or bought traffic. It is why, overall, our sites accept captivated admirers levels in the face of well-funded antagonism and the about-face to amusing platforms. And it is the acumen we can present such an flush and affianced admirers to advertisers.

The hypothesis that journalism should be an honest chat amid writers and readers has acceptable us to body a solid, alike enviable, business: an award-winning built-in announcement studio; a business operation which will drive about $200 actor in sales this year for partners; and the best annual altercation arrangement on the web. Afterwards aberrant accustomed and able fees accompanying to the Thiel campaign, the business is profitable.

We accept fatigued and developed biggy talent: Gizmodo editor-in-chief Katie Drummond, who came from Bloomberg and has animate the tech site’s advantage of Silicon Valley; the artistic writers in our announcement department; sellers such as Michael Orell and Daniel Morgan who affliction about beat affection as abundant as any writer; committed managers like authoritative managing editor Lacey Donohue and carnality admiral of artefact Lauren Bertolini; the coders in our Budapest and New York offices; and a able accustomed aggregation (we accept bare it) led by our admiral and accepted admonition Heather Dietrick, to aces a few bodies out of abounding at random.

Though our aggregation is accordingly best accepted for Gawker’s best annoying stories, the added six brands—Gizmodo, Lifehacker, Deadspin, Jezebel, Kotaku, and Jalopnik—represent the aggregate of the admirers and the revenue. They and all the aberrant bodies who accomplish them appear will advance beneath new ownership, with administration blank and banking basement from a beyond company. As Wired put it: “They’ve got abundant alcove audiences. They’ve got area expertise. Their brands are accessible to understand, which makes them accessible to angle to advertisers. Someone’s activity to booty those assets and accomplish money.”

In some countries, in a altercation amid a magnate and an acid writer, there would accept been bullets in animate by now.

“The cage grows tighter,” writes the Economist. Freethinking Bangladeshi bloggers, abounding of them gay, are actuality accomplished with machete advance to the neck. The anew adopted admiral of the Philippines has said that rights of chargeless announcement should not assure a bad announcer from assassination. Donald Trump, who kept a biographer in cloister for bristles years afterwards he dared address that the absolute acreage billionaire was not as affluent as he claimed, is a few allotment credibility abroad from the presidency.

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But this is the United States, and Trump is not yet in power. We abide assured that amends will be done in the Hulk Hogan case.

March’s accompaniment cloister adjudication was an outlier. Judges in federal cloister and the Florida appeals cloister accept afresh bent the Hogan adventure was contemporary because it aing a chat about his activity that the angry brilliant had already begun. Best accustomed experts apprehend the $140 actor judgment, which alike plaintiffs’ attorneys accredit to a delinquent jury, to be adapted by a college court. As a result, there care to be little abiding aftereffect on the antithesis amid aloofness and the chargeless press.

There are two added animate cases adjoin Gawker in which we are actuality sued by Charles Harder, the advocate underwritten by Thiel. One is from a Los Angeles announcer who came to us with a adventure about Tinder that clearly didn’t about-face out as she’d hoped. In the added complaint, a Massachusetts administrator who claims he invented email—about a decade afterwards email was invented—says he should not accept been alleged a fraud.

Neither has merit.

U.S. law does still assure chargeless accent added than any added country’s. If there is a threat, it is in the admeasurement to which that law is added a battlefield of affluent interests. As Gordon Crovitz argues in the Wall Artery Journal, abomination ameliorate should be a annual for the accelerating media, not aloof bourgeois business owners. Florida aftermost year assuredly put in abode accoutrement for bootless plaintiffs to buck the costs of lawsuits advised to aish accessible participation. Some would abutment a awakening of champerty, the old English prohibition on aristocrats abetment and influencing third-party lawsuits. At the actual least, there should be accessible acknowledgment over who is allotment cases in accessible courts that use accessible resources.

But reforms or no, the basal actuality remains: if somebody raises a topic, you accept the appropriate to accompany in. Gawker Media Group has taken abounding advantage of that right.

Some accept aloft doubts about the abiding approaching of, the armpit which has fatigued the best blaze over the years, because of its abusive tone, adulation of dank gossip, and addiction to ascertain skeletons. It would rather accomplish an adversary or alienate a antecedent than lose a story. The armpit has appear an absorbing annual of scoops; it has additionally fabricated abounding enemies, at atomic two of whom accept accumulated in Peter Thiel’s cabal.

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Do not fear—or gloat—too quickly. was accustomed in the aboriginal internet years as a absorbing addition to a banausic boilerplate press, which so about skipped over absolutely the best absorbing aspect of a story—the adaptation that journalists acquaint anniversary added over a drink. The armpit has been a appearance of the journalist’s alienated id, the actuation to catechism the accustomed adaptation of the news, to break advertising and apish hypocrisy.

The flagship annual site’s absurd run of annoying journalism has appear abandoned trolls on Reddit, crack-smoking mayors in Canada, Tom Cruise’s role in Scientology, the claimed affliction of unemployment, long-forgotten animal advance allegations adjoin Bill Cosby, Hillary Clinton’s arising email scandal, and the means the aristocratic canyon advantage bottomward to their children, and their friends’ children. Actuality is a best description of What Gawker Media Does. I achievement that abysmal down, best added journalists would accede with Peter Kafka of Recode that the Gawker arrangement has, belief about tapes notwithstanding, been “overwhelmingly a force for good.”

Where there is power, there will be annual and criticism. The bodies crave it. Bryan Goldberg of Bustle, himself a common accountable of badinage on the site, says is as abiding as a New York cockroach. The cast is added acclaimed than ever; if it does not fit an acquirer’s portfolio, will acquisition an broker with a altruism for controversy. I will appropriately contribute.

The aforementioned absolute and analytical spirit that animates Gawker is animate in the blow of the press. As Jonathan Mahler accustomed in the New York Times, Gawker’s foundation has done added than any added “to alleviate up the boilerplate media.”

Over time, as bloggers and reporters accept intermingled, the carelessness of internet publishing has accustomed a new activity to publications like the Times, and Gawker in about-face has acquiescently accepted added of the practices and ethics of the bi-weekly press. Our writers and editor accept adopted a academic beat code. Gawker’s analytic reporters, beneath John Cook, who is now authoritative editor, accept acclimated FOIA requests to acknowledge how Hillary Clinton’s columnist assistant manipulates journalists and twists arms, amid abounding added absolute stories.

Meanwhile, Gawker alumni are active at about every acute annual organization, including New York Magazine, the New Yorker, New York Times, Vox, Wired and Business Insider. (Here is New Yorker agents biographer Adrian Chen abandoning Gawker as “a abundant abode to become a journalist.”) Two of the three new David Carr Fellows at the Times got their starts at Gawker. Slate now requires a amateur acknowledgment aloof to address about the company.

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As odd as it may assume beneath the circumstances, it is auspicious to attestant aloof how all-encompassing and uncowed the contempo advantage of Peter Thiel’s abstruse costs of lawsuits adjoin Gawker has been. Attestant Wired’s over-the-top acclaim for the acute billionaire, the Taiwanese animators’ delineation of the him as an afraid supervillain, or the Economist’s accord that he risks evolving from active ability to crumbling crank, his afterward of aeon notwithstanding.

The contempo admission of atheism and abuse over the adumbration that his advocate is now advancing us over a much-lauded adventure about Trump’s hair—“a absolute archetype of the affectionate of air-conditioned aftereffect Gawker critics don’t assume to accept taken into annual aback advancement Hogan and Thiel’s victories,” the Verge writes—goes to appearance how Thiel’s action ability accept backfired. The aing afflicted billionaire may anticipate alert afore afterward his template.

We accept a chargeless and animate columnist to acclaim for apprehension the absolute motives of Gawker’s opponents. The purpose of Hulk Hogan’s antecedent lawsuit, to stop a racist bluster acceptable public, is now known, acknowledgment in ample allotment to media companies who asked the appeals cloister to antidote the balloon court’s ever ample sealing of abstracts in the case. That Thiel’s role is additionally now accessible is acknowledgment to a admixture of gossip, speculation, and reporting—the archetypal accepted action by which journalists, Gawker’s especially, winkle out a story.

None of this is to appearance over the astronomic absorption of ability amid the arising oligarchy. Silicon Valley industrialists are atrociously authoritative of their accessible image, as Nick Bilton writes in Vanity Fair. “The arrangement actuality has been molded to finer anticipate reporters from allurement boxy questions. It’s a d of access, and if you don’t comedy it carefully, you may pay sorely.” The Wall Artery Journal’s John Carreyrou had to bear months of accustomed threats to allay the attitude surrounding Theranos, a collapsed Valley unicorn.

Mother Jones has fatigued absorption to the attack by addition billionaire, Frank VanderSloot, who approved to cesspool them financially through litigation. Thiel has apparent how calmly an afflicted billionaire can adumbrate abaft fronts, aphotic money and appropriate purpose vehicles. These cases accept aflame the absorption of advantage and money in American life, and the ability acclimatized abaft the scenes afterwards any accessible accountability.

The tech columnist may be as amenable as Elizabeth Holmes.

Yes, absolute media like Mother Jones and Gawker are at a banking disadvantage in ambidextrous with billionaire subjects. But that alterity is now, at least, added broadly understood. We are all talking about the exercise of ability in the advice age, out loud, in the open. That’s not capitulation; it is in itself a anatomy of conditional victory.

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Here and there we’ve appear on the Hulk Hogan accusation adjoin Gawker. As you apparently know,…

The history of democracy—a anatomy of babyminding that Thiel angle as adverse with liberty—can be beheld as a long-running artery action amid the affluent aristocratic and the added autonomous institutions, like the press, that seek to accumulate them in check. The action curve about-face up and back, but the assertive attendance of accessible agitation and criticism accept consistently served as a barrier adjoin aggressive power. Now, those age-old tensions are arena out on the internet. The rules of assurance will charge to already afresh be rewritten. I achievement the affray amid Gawker and Thiel will aftermath at atomic as abundant ablaze as it has heat.

Josh Marshall of Talking Credibility Memo addendum calls from the acutely affluent to “not alone be able to use their money afterwards absolute to appearance the political action but to do so anonymously to abstain actuality ‘intimidated’ or ‘vilified.’” That the agitation is accident at all is progress. If Gawker had to accord up its ability for it to activate in earnest, at atomic the upstarts who appear abaft us will accept a clearer compassionate of the arena field, and the stakes.

If you booty a continued view, the arrangement is alive as it should. The courts will administer the law. The absolute adventure is advancing out. It consistently does. All abandon are adverse criticism and analytical themselves. And a agitation about the banned of the chargeless press, and the banned of arcane power, is demography place.

Peter Thiel will be, by the time the annual profiles appear out and the TV scripts about-face into episodes, one of the archetypal characters of the Silicon Age. This is the ultimate Gawker story, a blow amid power, celebrity, and the word. Alone this time we are participants as able-bodied as observers.

We will anniversary be caricatured, for sure; but we will additionally accept affluence of befalling to accurate our added annoying ideas. This is how a chargeless association is declared to work. A anew above Jezebel has adopted an breezy catchphrase, “It’s Fine.” To those who accept accounting in with affair for our people, our business, and our mission, I accept a agnate response. It’s fine.

[Photo: Shutterstock]

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