It's not clear what Gawker founder Nick Denton will do next now that new owner Univision is shutting down Gawker.com itself, but he'll be decently compensated for two years as he figures it out: Univision will pay him $16,666 a month over that stretch as part of a non-compete clause, which stipulates among other things that he can't hire any of Gawker's old employees now working for Univision, reports the Hollywood Reporter.
Gawker's satellite sites, such as Deadspin, Gizmodo, and Jezebel, will remain in business, and Gawker writers will work for them instead, notes CNN Money. Denton, who has filed for bankruptcy in the wake of the Hulk Hogan lawsuit, told the court the salary represents a "material reduction" from his old paycheck. He and his husband have moved out of their pricey SoHo condo and have found a renter, notes the New York Post. (Read more Gawker stories.)