Gawker to Get $22 Million Loan From Cerberus

[wsj-responsive-image P=”//″ J=”//″ M=”//″ caption=”In this Wednesday, March 16, 2016, file photo, Gawker Media founder Nick Denton arrives in a courtroom in St. Petersburg, Fla. Gawker Media has filed for chapter 11 bankruptcy protection, about three months after pro wrestler Hulk Hogan won a $ 140 million lawsuit against the online gossip and news publisher.” credit=”Associated Press” placement=”Inline” suppressEnlarge=”false” ]

Gawker Media Group will get a $ 22 million bankruptcy lifeline from Cerberus Capital Management LP so the media company can stay alive in bankruptcy. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit, scroll to the bottom and click “try for free.”)

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Write to Melanie Cohen at Follow her on Twitter at @MelanieLisa

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