Gawker Media founder Nick Denton says publishing former wrestler Hulk Hogan‘s leaked sex tape is a matter of press freedom, and he insists Gawker did nothing wrong.

“This is a case about the freedom of the press, the freedom of the press to report on a story that actually had
already been aired by other outlets,” Denton told Brian Stelter Sunday on CNN’s “Reliable Sources,” adding, “And it’s about freedom of expression.”

Denton is facing a $100 million lawsuit filed by Hogan, real name Terry Bollea. It was sparked by a story Gawker published on Oct. 4, 2012, and accompanying sex tape which portrayed an alleged extramarital affair between Hogan and Heather Clem, ex-wife of wrestler and radio personality Todd “Bubba the Love Sponge” Clem.

Also Read: Gawker Founder Nick Denton Opens About Hulk Hogan Sex Tape Lawsuit

Denton admits losing the suit would be a financial calamity for Gawker.

“We are a successful small to medium sized online media company. Very few media companies keep $100 million in a war chest for this kind of occasion,” he noted.

Still, he remained upbeat about the case.

“We are carrying on, on the principle and in the expectation that First Amendment rules in this country, that
freedom of the press and freedom of expression is essential to the functioning of a healthy society. Here was a
newsworthy story. We dug deeper. We exposed the truth. And we are not embarrassed about it.”

Also Read: Gawker's John Cook Files Petition Against Hulk Hogan Sex Tape Subpoena

The trial was previously scheduled to begin July 6, in St. Petersburg, Florida. But has been delayed because of a legal technicality.

With the case looming, Gawker opened its books Thursday, revealing that it has turned an operating profit
for the past five years, according to the Wall Street Journal.

The financials show Gawker turned an operating profit of $6.5 million in 2014 on revenue of $44.3 million.

Hollywood's Most Outrageous Lawsuits (Photos)

Between Lindsay Lohan firing back at Fox News, Mariah Carey allegedly short changing her domestic help, and Sly Stone winning millions after suing his ex-manager -- stars often turn to the courts to address their squabbles and strife.
Lindsay Lohan filed suit against Fox News and Sean Hannity on Feb. 2, 2015, after a news correspondent accused Lohan's mom of snorting cocaine with her troubled daughter. It didn't take long for Fox to fire back. “We will defend this case to the fullest,” the network told TheWrap the next day.
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A former nanny for Mariah Carey and Nick Cannon filed a lawsuit on Jan. 28, 2015, alleging she was fired after showing the couple's kids too much affection and did not receive overtime pay despite working 100 hours per week.
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Legendary funk artist Sly Stone won $5 million on Jan. 27, 2015, after suing his former manager and entertainment attorney for misappropriating royalties owed him for more than 20 years.
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“Real Housewives of Miami” veteran Joanna Krupa slapped “Real Housewives of Beverly Hills” star Brandi Glanville with a slander lawsuit on Jan. 22, 2015, after Glanville allegedly accused Krupa of sleeping with a married man and c
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Former “Real Housewives of Orange County” executive producers Patrick Moses and Kevin Kaufman filed a suit against Bravo in Nov. 2014, claiming they were deceitfully ousted from the show and bilked out of millions of dollars after helping to create the show and the franchise.
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Jessie Nizewitz, a contestant on VH1’s “Dating Naked,” filed suit in New York in Aug. 2014, seeking $10 million in damages for emotional distress, humiliation and embarrassment after the show allegedly failed to properly blur her genitals.
VH1
Octavia Spencer was awarded $940,000 in Dec. 2014 after claiming a weight loss company, Sensa Products Inc., wrongfully fired her from an endorsement deal and still owed her money.
Fox
Former Tinder executive Whitney Wolfe filed a sexual harassment lawsuit against her former company June 2014, alleging she was repeatedly called a "whore" by CMO Justin Mateen and was stripped of her co-founder title simply for being a woman.
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Former TMZ producer Jarrett Gaeta slapped his former employer with a lawsuit in June 2014, claiming he was wrongly terminated. Gaeta was let go after a subordinate accused him of "racist behavior," including defending blackface and sending pictures of watermelons to African-American employees.
TMZ
CNN America was sued in Aug. 2014 by a pair of plaintiffs who claim that correspondent Arwa Damon bit one of them and threatened both during a drunken altercation at the U.S. Embassy in Baghdad.
CNN
Former "Scandal" star Columbus Short was sued in June 2014 for allegedly knocking a partygoer unconscious during an engagement party.
ABC/Kelsey McNeal
"Boardwalk Empire" actress Paz de la Huerta sued Lionsgate in Aug. 2014 claiming she was run over by an ambulance while filming "Nurse 3D." Lionsgate filed a motion to dismiss, which De La Huerta opposed on Jan. 23, 2015. Lionsgate then opposed her opposition on Jan. 30, 2015, in a seemingly neverending loop of opposing motions.
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Rapper Rakim Mayers, aka A$AP Rocky, was sued in civil court in June 2014 for allegedly assaulting a woman while making his way through a crowd during the 2013 Made in America Festival.
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Nicki Minaj’s former hairstylist and wig designer filed a $30 million lawsuit against the rapper in 2014 for allegedly stealing his wig designs and costing him a potential reality show. A judge later dismissed the case for lack of sufficient evidence.
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Kim Kardashian and Kanye West filed suit against YouTube founder Chad Hurley on Oct. 31, 2013, claiming he posted a video of the couple’s surprise engagement to his website without permission. The process was delayed when Hurley’s reps filed an anti-SLAPP motion in an attempt to have the case dismissed.
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Jahmel Binion filed a lawsuit against Shaquille O’Neal in July 2014 when O’Neal posted a photo to his Instagram account mocking Binion, who suffers from a rare condition that causes facial abnormalities, sparse hair and missing teeth. Binion claimed defamation, emotional distress and invasion of privacy in the $25,000 lawsuit, and after pressure from the public O’Neal apologized.
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In 2014 singer Chris Brown was mentioned in a lawsuit filed by the cousin of artist Frank Ocean. The defendant claimed Brown and an associate allegedly kicked and punched him when he confronted them about parking in a spot designated for Ocean at a Los Angeles recording studio. Ocean, who was also injured, later said he wouldn't seek criminal or civil penalties.
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From embezzlement to slander, there’s no shortage of celebrity court action

Between Lindsay Lohan firing back at Fox News, Mariah Carey allegedly short changing her domestic help, and Sly Stone winning millions after suing his ex-manager -- stars often turn to the courts to address their squabbles and strife.

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