Gawker founder prepares to file for bankruptcy

A month after his online media company filed for bankruptcy, Gawker Media founder Nick Denton is preparing to do the same.

Sources familiar with the matter said Denton could make the filing as early as this week.

Yesterday, a federal judge denied Denton's request to be shielded financially from professional wrestler Hulk Hogan, who was awarded $140.1 million earlier this year in an invasion-of-privacy suit against Gawker.

Read more from CNNMoney.