Shutting Down, the web publication launched by Nick Denton, will be shutting down next week. The shutdown comes after the company was forced into bankruptcy following the successful lawsuit by Hulk Hogan, which resulted in Univision winning a bid for the Gawker Media Company.

Univision’s bid of $135 million still faces final approval from a New York bankruptcy court, which leaves the future of the site and assets murky. Gawker founder Denton informed staff of the closure Thursday, and states that plans for its archives “have not yet been finalized.”

Gawker was launched in 2002 by former Financial Times journalist Nick Denton, along with then-editor Elizabeth Spiers.

Elizabeth Spiers gave some insight to Recode about her time at Gawker. Speaking shortly before the auction on the latest episode of Recode Media with Peter Kafka, Spiers recalled that started as a completely different sort of site from what it is today.

“There have been so many incarnations of Gawker,” Spiers said. “If you read it when I was writing it, it wasn’t really negative — it was gleefully laughing at the notion that the entire world revolves around New York. The alter-ego voice I was using was a persona that had no self-awareness, and that was part of the fun of it.”

“For better or worse, people will remember Gawker for its extreme posts — both the positive ones and the negative ones, but it’s always easier to remember the negative ones,” Spiers said.

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