In explaining the reasoning behind his settlement with Hulk Hogan this week, Gawker Media founder Nick Denton expressed relief that his former staffers could now "entertain and inform their readers with fewer distractions." But to some of those employees, whose company is now called Gizmodo Media, the settlement represents a surrender to a sinister foe. "I'm heartbroken and it's in my view a risible miscarriage of justice," said Gizmodo Media executive editor John Cook. Employees at Gizmodo Media were given no indication that a settlement was imminent this week. Under the terms of the settlement, Hogan will be paid $31 million plus a percentage of the proceeds from Gawker's sale to Univision.

Source: CNN November 05, 2016 16:19 UTC