Hogan sex-tape ruling could put Gawker out of business

The New York Post reports:

Gawker will have to wrestle with serious financial problems that could ultimately put it out of business, sources told The Post Friday after the Hulk Hogan jury body-slammed the Web site.

Under Florida law, the media company must post a $50 million bond about a month after a St. Petersburg jury decides next week if Hogan is entitled to punitive damages beyond the $115 million it already awarded to the wresting legend.

Gawker is now valued at an estimated $250 million. A source close to the case said he believes it will be impossible for the company to come up with that kind of cash on such short notice.


But, “it’s not clear whether or not a court would enforce a bond on a company that does not have that in cash,” the source added.

Free speech doesn't mean going into someone's house and giving a speech or invading their privacy in their house.