June 2016: Gawker Media Declares Bankruptcy
Here's a slideshow depicting the major U.S. news events of June 2016.
1. Shooting on UCLA Campus 2. Paul Ryan Endorses Trump 3. Stanford Swimmer Sentenced 4. Muhammad Ali, 74 5. Hillary Clinton Presumptive Democratic Nominee 6. Gordie Howe, 88 7. Gawker Media Declares Bankruptcy 8. Terror in Orlando Nightclub 9. Pittsburgh Penguins Win Stanley Cup 10. Hamilton at the Tony Awards 11. Microsoft Buys LinkedIn 12. Tragedy in Disney World 13. Dustin Johnson Wins U.S. Open 14. Cavaliers Win NBA Championship 15. Corey Lewandowski Leaves Trump Campaign 16. Gun Control Measures Fail 17. Healthcare Bust 18. Ben Simmons #1 Draft Pick 19. Second Officer Not Guilty in Freddie Gray Case 20. Supreme Court Upholds Affirmative Action 21. Supreme Court Overturns Texas Abortion Law 22. Winningest Coach Pat Summitt Dies 22. Military Opens Ranks to Transgenders
- Gawker Media Declares Bankruptcy
- Gawker Media files Chapter 11 bankruptcy in the face of extreme legal expenses brought on by a recent lawsuit. Terry Bollea, also known as Hulk Hogan, sued Gawker Media back in 2012 for publishing a video of him having sexual relations with his former best friend's wife; in March 2016, the jury sided with Bollea. In the June 6, 2016, bankruptcy agreement Gawker agrees to sell its seven media brands to a company called Ziff Davis.
- Photo source: AP Photo/Steve Nesius, Pool