Home IT Hardware Assets $115 million verdict in Hulk Hogan sex-tape lawsuit could wipe out Gawker

$115 million verdict in Hulk Hogan sex-tape lawsuit could wipe out Gawker

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(credit: ^ndrew)

A Florida jury today ordered Gawker Media to pay $ 115 million for publishing a sex tape showing Terry Bollea, also known as Hulk Hogan, having sex with his friend’s wife.

The stunning sum is a potentially life-threatening event for the New York-based network of news and gossip sites, which was one of the first successful, large digital-only news companies. It’s even more than the $ 100 million Bollea was seeking.

The sex tape was made about a decade ago, during a period in which the professional wrestler Hogan testified that he was going through a difficult phase with his then-wife. Todd Clem, a Florida radio personality who later legally changed his name to Bubba the Love Sponge, encouraged Hogan to sleep with his wife Heather.

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