Gawker’s Nick Denton Gets A Sweet New Deal

Gawker Media’s founder Nick Denton has had one bad year including bankruptcy and losing his job.

However, the new owner of Gawker Media, Univision Communications Inc., will pay Denton $16,666 a month for the next two years in exchange for a promise not to work for the gossip site’s rivals.

Denton will be paid about $400,000 by Univision, according to a noncompete pact filed with the U.S. Bankruptcy Court in New York. Denton had earned $500,000 a year at Gawker.

Univison intends to merge the sites Deadspin, Lifehacker, Gizmodo, Jalopnik, Jezebel and Kotaku into its Fusion Media Group. But the company said it wouldn’t operate gawker.com going forward.