Notorious online news website Gawker.com is shutting down after its parent company was forced into bankruptcy then sold to Univision Communications.
According to a post on Gawker.com, Gawker Media CEO Nick Denton told staffers Thursday afternoon that the site will shut down next week.
Univision won a court administered auction for Gawker. The transaction is expected to be formalized at a 2 p.m. hearing. Univision had no comment on the website shutdown.