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Thiel was “a malevolent supervillain” who waged “a covert legal war against us for a decade,” Deadspin editor Tim Marchman said.“We have a lot of heads mounted on the wall that I’m pretty proud of,” said John Cook, executive editor of Gawker Media.

Publishing company Ziff Davis has expressed interest in buying the company and “has said Nick [Denton] will be a consultant there if they win the auction,” said Gawker spokesman Davidson Goldin. While it may not be the end of the road for Gawker, “it is the conclusion of the ‘independent’ phase of Gawker Media’s life cycle,” Cook said.“The mood is, I don’t know, stoic,” he said.

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Here’s the irony of Silicon Valley billionaire Peter Thiel’s role in bankrolling the legal campaign waged by wrestler Hulk Hogan against Gawker, the celebrity-trolling website: Thiel’s gripe about Gawker was that it invaded his privacy (by outing him as gay). Here’s the irony of Silicon Valley billionaire Peter Thiel’s role in bankrolling the legal campaign waged by wrestler Hulk Hogan against Gawker, the celebrity-trolling website: Thiel’s gripe about Gawker was that it invaded his privacy (by outing him as gay). (Michael Hiltzik)It was recently revealed that Bollea’s suit against Gawker was the culmination of a secret, years-long vendetta by Thiel, cofounder of Pay Pal, whom Gawker outed as gay back in the 2000s.

Thiel later admitted to secretly bankrolling legal action against some of Gawker’s more questionable posts — including Bollea’s.

Gawker has unmasked trolls, brought down congressmen and embarrassed captains of industry in Silicon Valley by publishing the kind of exposes it published about business tycoons in New York.

That, in a true tabloid turn, is what led to Gawker’s demise at the hands of tech investor Peter Thiel.

It is time to soak up Gawker Media’s final days of freedom before the irreverent, influential and financially doomed media company goes up for sale next week.

As of Wednesday morning, tucked between the site’s daily news bulletins, you can find the following headlines at Gawker.com, which you will never, ever find in the Los Angeles Times: The staffers at New York-based Gawker Media, whose digital properties include Jezebel, Deadspin and Gizmodo, planned to hold a party Wednesday night to mark “14 years of independent journalism” — and their potential end at a bankruptcy auction next Tuesday morning.

“Basically they are doing news and real journalism until their [venture capital] backers say it’s not worth it.” (Buzzfeed’s news operation is going strong, but Mashable recently slashed its corps of news reporters.) “I think that honestly is going to be the largest thing that affects media.”Some staff at Gawker Media are upbeat about next week’s sale, which could draw a range of interested investors and media companies.

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