Gawker Files for Bankruptcy

[wsj-responsive-image P="//art.wsj.net/api/photos/38848752/smartcrop?height=499&width=749" J="//art.wsj.net/api/photos/38848752/smartcrop?height=639&width=959" M="//art.wsj.net/api/photos/38848752/smartcrop?height=853&width=1280" caption="People walk past a building that lists offices for Gawker Media in New York City, U.S., June 10, 2016. REUTERS/Brendan McDermid" credit="Reuters" placement="Inline" suppressEnlarge="false" ]

Gawker Media filed for chapter 11 protection, and the company will be put up for auction following a $140 million judgment against it in a legal battle with former professional wrestler Hulk Hogan. 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 http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

WSJ has an opinion piece on Gawker founder Nick Denton.

Energy Future Holdings Corp. creditors could be left with a $4 billion tax bill if efforts don’t work out to split its business without triggering tax liabilities, according to court papers, DBR reports in WSJ.

Atlantic City, N.J.’s Revel casino is getting close to opening, the Associated Press reported.

(And don’t forget to check the latest on this week’s bankruptcy docket.)

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa