Nick Denton, seen here during his legal battle with Terry Bollea, aka Hulk Hogan, has filed for Chapter 11 bankruptcy protections for Gawker Media, the company he founded 13 years ago.
Former professional wrestler Hulk Hogan stands with one of his lawyers just after his civil suit against Gawker Media went to the jury. The panel awarded him $115 million in damages on Friday.
Nick Denton, founder of Gawker Media, is defending his decision to take down a post — a move that has spurred the resignations of Gawker's two top editors.
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Gawker CEO Nick Denton is seen with chief strategy officer Erin Pettigrew (center) and president Heather Dietrick. Denton is stepping down as the president of the media company he founded.