VIDEO : Hulk Hogan settles Gawker lawsuit for $31 million

Wednesday cbsnews.com reported that Gawker has announced an end to the year long battle between the tabloid and former professional wrestler Hulk Hogan with a $31million settlement. The lawsuit against Gawker led to the media company's recent bankruptcy as well as the termination of the website gawker.com Nick Denton the founder of the media company released a statement via a blog post that simply read the ?saga is over.