revenues, resulting in little if any taxable income, while the international income, the franchise value of the brands, and the value of the technology all stays permanently overseas, untouched by the I.R.S. employees eat up the lion’s share of the the U.S. Why would a relatively small media outfit based in Soho choose to incorporate itself in a Caribbean locale long favored by insider dealers, drug cartels, hedge funds, and other entities with lots of cash they don’t want to advertise? The question virtually answers itself, but for those unversed in the intricacies of international tax avoidance Salmon spells it out: “The result is a company where 130 U.S. Since its launch in April 2003, the feature has grown into one of the most popular article topics on the site and drawn heavy criticisms for celebrating celebrity stalking. Recently, Salmon reports, the various Gawker operations-Gawker Media LLC, Gawker Entertainment LLC, Gawker Technology LLC, Gawker Sales LLC-have been restructured to bring them under control of a shell company based in the Cayman Islands, Gawker Media Group Inc. Gawker Stalker is a weekly round-up of celebrity sightings in New York City submitted by readers. Much of its international revenues are directed through Hungary, where Denton’s mother hails from, and where some of the firm’s techies are located. Gawker is organized like an international money-laundering operation. Across the board Gawker Media attracted 4.2 million 'unique visitors' in the US in October (mostly drawn from the advertiser-beloved 16-34 demographic), which compares favourably to the 9.7. Seems Batty and Denton disagreed about the wisdom of junking the blog format that Gawker pioneered and trying to become an online cable network, which is what appears to be in Denton’s mind. Who do I randomly run into near the Duomo but a vacationing Jesse Oxfeld Done. But Salmon has lots of background to Batty’s departure, which he says is likely to hit Gawker’s revenues in the coming months. Actually, the media-savvy Denton put this bad news out himself, in a long e-mail to staff that was leaked earlier this week. ![]() Gawker’s top advertising executive, Chris Batty, the person primarily responsible for bringing in the green that pays the rest of the staff’s wages, has quit or been pushed out, and he’s taking with him the firm’s top salesman.
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