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Gateway Pundit files for bankruptcy

The Gateway Pundit, a remarkable entry in the far-right media universe, has sought Chapter 11 protection. This move came after facing litigation over false claims regarding the 2020 U.S. election, leading to harassment of election workers. Founder Jim Hoft attributed the bankruptcy to what he described as progressive liberal lawfare attacks aimed at stifling his company, asserting that it is a strategy for reorganization amidst legal challenges from multiple fronts.

Despite the bankruptcy filing, Gateway Pundit plans to persist in publishing. The company estimated its assets between $500,000 and $1 million. This development reflects a trend where prominent figures in right-wing circles, such as Rudy Giuliani and Alex Jones, have faced bankruptcy following substantial defamation judgments. The site’s coverage had helped amplify Donald Trump’s baseless claims of election fraud, leading to increased audience reach but also sparking lawsuits and significant financial repercussions