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Gawker Media Group is being auctioned off, after filing for bankruptcy in June when a jury awarded $140m in compensation to former wrestler Hulk Hogan in a sex tape lawsuit.

Steven Erlanger, the New York Times bureau chief in London, explains Gawker's descent into financial ruin and the lasting effects on news organisations and freedom of speech.

(Photo: Hulk Hogan testifies in Gawker Media lawsuit. Credit: Getty Images)