Gawker Media Generated $45 Million In Net Revenue Last Year And It's Raising A $15 Million Round Of Debt

By: Alyson Shontell | Business Insider

Nick Denton orders the shrimp linguine. He doesn't look at Balthazar's menu; the media mogul frequents the restaurant and everyone from the hostess to fellow diners knows who he is.

Denton personally owns just under 50% of Gawker Media, a company he founded and bootstrapped in the early 2000s, before Facebook was a semi-reliable traffic hose for publishers and banner ads generated meaningful revenue.