Gawker settles Hulk Hogan privacy case for $31m

Gawker, a news website has settled a lawsuit of US popular wrestler Hulk Hogan for amount of $31m. This case made gawker declare its bankruptcy when jury offered Hulk $140m in case of leaked sex tape. Tech giant Peter Thiel paid Hulk’s legal bill. He said Gawker created fake stories about him in 2007 and…

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Viacom names Bob Bakish as acting CEO

Viacom Inc appointed Bob Bakish, as the acting CEO, he replaced Tom Dooley. Bob has been in company for last 19 years. The decision was taken after Viacom hired financial adviser in the beginning of this month to check the environment for merger with CBS. Chairman of Viacom Tom may made a statement saying,  company…

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