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Why Gawker filed for bankruptcy and put itself up for sale

Paul Farhi, The Washington Post's media reporter, explains why Gawker Media Group, the parent of the news and gossip site Gawker, filed for Chapter 11 bankruptcy protection. more on Geo altCom NJSwingingCpl 37yo Riverside, New Jersey, United States trouble4444 36yo Meridian, Idaho, United States wyohotties 40yo Lander, Wyoming, United States 2fish4 32yo Kitteryme/portsmouth, New Hampshire, United States SuzyQ1027 44yo Looking for Men Belton, South Carolina, United States Arcadia73 38yo Looking for Men Buffalo, New York, United States sexyangel1583 28yo Worcester, Massachusetts, United States Kimcakes74 45yo Newport, Michigan, United States hamocpl 35yo Sewichita, Kansas, United States pinkhottie01 22yo Hurst, Texas, United States luv2havegr8times 44yo Joliet, Illinois, United States charming0418 37yo Middle Tn, Tennessee, United States