Gawker, Hulk Hogan Settle Lawsuit for $31M

Hulk Hogan has settled with the smoldering ashes of Gawker Media for $31 million, CNN reports. Gawker was appealing the $140 million a jury awarded Hogan earlier this year. "The saga is over," Gawker founder Nick Denton says. "Hulk Hogan's retirement will be comfortable." Hogan's invasion of privacy lawsuit against Gawker was funded by billionaire Peter Thiel. According to the New York Times, Denton says it would have cost too much to continue fighting an "all-out legal war" against him. "All parties have agreed it is time to move on," CNN quotes Hogan's attorney as saying. As part of the settlement, three Gawker articles will be scrubbed from the internet. (More Gawker stories.)