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    Gawker Media is an online media company founded and owned by Nick Denton. It is considered to be one of the most visible and successful blog-oriented media companies. As of February 2006, it is the parent company for 15 different weblogs, including Gawker.com, Defamer, Fleshbot, Deadspin and Wonkette.

    While Denton does not go into detail over Gawker Media's finances, he has downplayed the profit potential of blogs, declaring "Blogs are likely to be better for readers than for capitalists. While I love the medium, I've always been skeptical about the value of blogs as businesses" on his personal site. However, in the February 20, 2006 issue of New York Magazine, Jossip founder David Hauslaib estimated Gawker.com's annual advertising revenue to be at least $1 million two years ago, and possibly over $2 million a year. Combined with low operating costs — mostly web hosting fees and writer salaries — Denton is believed to be turning a healthy profit.

    On June 30, 2006, Denton announced on his personal blog that Gawker Media was putting two of its sites, Sploid and Screenhead on sale, as they were underperforming, and let go of two editors, Jesse Oxfeld of Gawker and John Biggs of Gizmodo.


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    This article is licensed under the GNU Free Documentation License [copyleft]. It uses material from the Wikipedia article "Gawker Media". link