June 2016: Gawker Media Declares Bankruptcy

Updated February 11, 2017 | Infoplease Staff

World News | Disasters & Science News

Here's a slideshow depicting the major U.S. news events of June 2016.

Gawker Media Declares Bankruptcy
Nick Denton, founder of Gawker Media, declaring 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
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