Gawker Media founder files for personal bankruptcy

Gawker Media Chief Executive Nick Denton filed for personal bankruptcy protection on Monday, according to court documents that name his largest creditor as Hulk Hogan, a former professional wrestler who won a $140 million court judgment against the news website over a sex tape it posted. Denton listed assets of $10 million to $50 million and liabilities of $100 million to $500 million in his Chapter 11 petition filed at the U.S. Bankruptcy Court for the Southern District of New York.
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