Gawker has just lost two of its top editors in Max Read and Tommy Craggs. Both of the editors announced on Monday that they were leaving the company effectively immediately.
Last week Gawker published a story which claimed the CFO of Condé Nast had propositioned a male escort. Following a ton of public outcry over the story, which had only one unnamed source, the piece was pulled by Gawker CEO and founder Nick Denton.
Editors inside the company disagreed with the story’s removal, which they claim occurred because of pressure from advertisers.
Editor-in-chief Max Read and executive editor Tommy Craggs on Monday released internal memos that explained their decisions to ditch Gawker.
Read writes in his memo that the post’s deletions was “an absolute surrender of Gawker’s claim to ‘radical transparency.'”
Craggs then added that advertisers including Discover and BFGoodrich convinced Nick Denton to remove the post.
Gawker’s CEO posted a Google Doc defending his decision to remove the story. “This was a decision I made as founder and publisher — and guardian of the company mission — and the majority supported me in that decision. That post wasn’t what Gawker should stand for, and it is symptomatic of a site that has been out of control of editorial management.”
Denton is already facing an uphill battle against Hulk Hogan. The WWE superstar filed a $100 million lawsuit against the publication after they published a hidden camera sex tape that showed Hogan engaged in a rather disgusting attempt at sexual intimacy.
Gawker has not yet named replacements for its former leaders.