The jury in Florida had awarded the plaintiff, Hulk Hogan, $140 million in damages in "Hogan v. Gawker." Since then, Gawker had settled for $31 million in cash. However, prior to that, Gawker and its head, Nick Denton, had filed for bankruptcy.
For damages, Eramo had requested $7.5 million. The jurors could have awarded much more than that. In fact, they could have awarded such a significant amount that Rolling Stone's parent, Wenner Media, could have gone the bankruptcy path of Gawker.
Keep in mind, that next year, another defamation case against it goes on trial. The plaintiffs are the former members of the frat which was depicted in the article as responsible for the gang rape of "Jackie." If that jury convicted and awarded a staggering sum, then it could be the end for Wenner, as it had been for Gawker.
But, so far, Wenner Media, is not in danger of bankruptcy. The jury awarded Eramo $3 million. That is less than half what she has requested. Here is the media coverage.
Wenner has media liability insurance and a cash reserve. So far, so good. But next year's trial is what it still has to worry about.
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