After the infamous $140 million Hulk Hogan lawsuit, Gawker founder Nick Denton owes $1.73 million on the mortgage of his Soho loft with a monthly payment of $14,985, according to court filings uncovered by the Wall Street Journal. Just as Univision took over his former company in August, he tried to rent the pad at 76 Crosby Street, but a bankruptcy judge denied the transaction. He’s now listed his home for $4.25 million, which would certainly make a dent in the $10 million that he owes as part of the invasion of privacy judgment.
If you visit Gawker.com today, you’ll see a final farewell that simply says “F— It,” leading up to Univision’s takeover of the media company later this month. But Gawker Media founder Nick Denton isn’t so quick to throw in the towel in every aspect of his struggling empire; according to the Post, he’s found a renter for who will fork over $12,500 a month for his $4.2 million Soho condo (in the same building where Kelly Ripa sold her penthouse at a $4.5 million discount).
After publishing a sex video of him, Gawker was notoriously sued by Hulk Hogan, who won a $140 million settlement against the company, forcing Denton to file bankruptcy since he’s personally liable for $10 million. So in May, he put his apartment at 76 Crosby Street on the market for $15,000 a month, the cost of his monthly mortgage payment that he now can’t make, along with $3,400 in condo fees. But in order for the deal to go through, Denton needs a bankruptcy judge to approve the lease.