Part of that deal, reports the New York Post's Page Six, is that Univision is paying Gawker founder Nick Denton $16,666 a month not to start up a business which will compete with Univision.
However, according to Page Six, that still won't be enough for Denton to save his $4.2 million New York City condo. To do that he still has to rent it out. And that's being delayed by the procedures in bankruptcy court. Should the delay continue the prospective renter might pull out.
The monthly mortgage for Denton's condo is $14,985.12. And the monthly condo association fee is $3,410.57.
Could Denton have the kind of comeback which would bring him into the big money again? Time will tell. There is that old adage: If you made it big once, you could probably do that again.