Judge will not reduce $140 million in damages Gawker has to pay Hulk Hogan

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Judge Denies Gawker, Does Not Reduce $140 Million in Damages

Gawker Media was handed a loss today as a judge in Florida denied Gawker's motion for a new trial, which means the $140 million in damages awarded to Hulk Hogan will not be reduced.

Anna Phillips for the Tampa Bay Times was the first to report the news.

Gawker can appeal this latest ruling to Florida's Second District Court of Appeals, where it is confident it will succeed, reports Capital New York.

Gawker Media, a New York-based online news site, was hoping that a Florida court would reduce a jury verdict handed down earlier this year in which Terry Bollea, also known as pro wrestler Hulk Hogan, won an invasion of privacy suit against Gawker which awarded him $140 million.

But during a court hearing, state court judge Pamela Campbell rejected a motion by Gakwer to reverse or reduce the verdict.

See images from the explosive trial:

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Judge will not reduce $140 million in damages Gawker has to pay Hulk Hogan
Hulk Hogan sits in court before the start of his trial Thursday, March 17, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker Media for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (Dirk Shadd/The Tampa Bay Times via AP, Pool)
Former professional wrestler Hulk Hogan, left, along with attorney Seema Ghatnekar prepare to take a break just after the jury was handed Hogan's case against Gawker Media for deliberations on Friday, March 18, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, is suing Gawker for $100 million for posting a video of him having sex with his former best friend's wife. Hogan contends the 2012 post violated his privacy. (Boyzell Hosey/The Tampa Bay Times via AP, Pool)
Gawker attorney Michael Sullivan addresses the jury during his closing statements in the trial of former professional wrester Hulk Hogan's lawsuit against Gawker media, in St. Petersburg, Fla. on Friday, March 18, 2016. Hogan, whose given name is Terry Bollea, is suing Gawker for $100 million for posting a video of him having sex with his former best friend's wife. Hogan contends the 2012 post violated his privacy. (Boyzell Hosey/The Tampa Bay Times via AP, Pool)
Hulk Hogan talks with his attorneys before the start of his trial Thursday, March 17, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker Media for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (Dirk Shadd/The Tampa Bay Times via AP, Pool)
Judge Pamela A. M. Campbell raises her hand to swear in the jury during the Hulk Hogan's trial Thursday, March 17, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker Media for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (Dirk Shadd/The Tampa Bay Times via AP, Pool)
Hulk Hogan talks with his attorneys before his trial Thursday, March 17, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker Media for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (Dirk Shadd/The Tampa Bay Times via AP, Pool) MANDATORY CREDIT
Hulk Hogan, whose given name is Terry Bollea, testifies in court on Tuesday, March 8, 2016, during his trial against Gawker Media, in St Petersburg, Fla. Hogan and his attorneys are suing Gawker for $100 million, saying that his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape filmed of Hogan and his then-best friendâs wife. (John Pendygraft/Tampa Bay Times via AP, Pool) MANDATORY NY POST OUT
Former Gawker employee A.J. Daulerio, right, testifies at the Pinellas County Courthouse in St. Petersburg, Fla., Monday, March 14, 2016. Hulk Hogan is suing Gawker Media for $100 million for posting an edited video showing him having sex with his then-best friend's wife. Lawyers for Gawker Media began presenting their case on Monday. (Stephen Yang/New York Post via AP, Pool)
Gawker Media founder Nick Denton, left, and reporter A.J. Daulerio, right, sit inside a Pinellas County courtroom, Monday, March 14, 2016, in St Petersburg, Fla. Hulk Hogan, whose real name is Terry Bollea, is suing Gawker Media for the publication of a sex tape involving the former wrestler. Lawyers for Gawker Media began presenting their client's case on Monday. (Stephen Yang/New York Post via AP, Pool)
University of Florida journalism professor Mike Foley testifies during Hulk Hogan's trial against Gawker Media Wednesday, March 9, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NY POST OUT
Hulk Hogan, whose given name is Terry Bollea, waits in the courtroom during a break Wednesday, March 9. 2016, in his trial against Gawker Media in St. Petersburg, Fla. Hogan and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NY POST OUT
Gawker Media reporter A.J. Daulerio attends Hulk Hogan's trial against Gawker Wednesday, March 9, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NY POST OUT
Gawker Media founder Nick Denton attends Hulk Hogan's trial against Gawker Wednesday, March 9, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NY POST OUT
Hulk Hogan, whose given name is Terry Bollea, leaves the courtroom during a break Wednesday, March 9. 2016, in his trial against Gawker Media in St. Petersburg, Fla. Hogan and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NEW YORK POST OUT
Pinellas County Judge Pamella Campbell, second right, meets with attorneys at the bench Wednesday, March 9. 2016, during Hulk Hogan's lawsuit trial against Gawker Media in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NEW YORK POST OUT
Gawker Media's Nick Denton, left, and A.J. Daulerio, right, listens to testimony during Hulk Hogan's lawsuit trial against Gawker Wednesday, March 9, 2016, in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NEW YORK POST OUT
Hulk Hogan, whose given name is Terry Bollea, takes a moment as attorneys talk to the judge in court on Tuesday, March 8, 2016, during his trial against Gawker Media, in St Petersburg, Fl. Hogan and his attorneys are suing Gawker for $100 million, saying that his privacy was violated, and he suffered emotional distress after Gawker posted one minute and forty one seconds of a sex tape filmed of Hogan and his then-best friendâs wife. (John Pendygraft/Tampa Bay Times via AP, Pool) MANDATORY NY POST OUT
David Houston, an attorney for Hulk Hogan, testifies Wednesday, March 9, 2016, in Hogan's trial against Gawker Media in St. Petersburg, Fla. Hogan, whose given name is Terry Bollea, and his attorneys are suing Gawker for $100 million, saying his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape of Hogan and his then-best friend's wife. (AP Photo/Steve Nesius, Pool) MANDATORY NEW YORK POST OUT
FILE -In this Tuesday, March 1, 2016 file photo, Terry Bollea, known as professional wrestler Hulk Hogan, watches potential jurors at the Pinellas County Courthouse, in St. Petersburg, Fla., as jury selection began in his case vs. Gawker Media. Opening statements are scheduled to begin Monday, March 7, 2016, in the civil trial between pro wrestler Hulk Hogan and a popular news website. (Scott Keeler/The Tampa Bay Times via AP, Pool, File)
Judge Pamela Campbell listens during a sidebar as Hulk Hogan, whose given name is Terry Bollea, testifies in court on Tuesday, March 8, 2016 during Hogan's trial against Gawker Media, in St Petersburg, Fla. Hogan and his attorneys are suing Gawker for $100 million, saying that his privacy was violated, and he suffered emotional distress after Gawker posted a sex tape filmed of Hogan and his then-best friendâs wife. (John Pendygraft/Tampa Bay Times via AP, Pool) MANDATORY NY POST OUT
ST PETERSBURG, FL - MARCH 07: Terry Bollea, aka Hulk Hogan, testifies in his case against the website Gawker at the Pinellas County Courthouse March 7, 2016 in St. Petersburg, Florida. Bollea is taking legal action against Gawker in a USD 100 million lawsuit for releasing a video of him having sex with his best friends wife. (Photo by Boyzell Hosey-Pool/Getty Images)
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Wednesday's development means that Gawker may be required to post a $50 million bond under Florida state law.

Hulk Hogan sued Gawker over a news article in 2012 written by editor A.J. Daulerio which included a clip of Hulk Hogan having sex as well as a lengthy written description.

On Tuesday, several reports claimed that Sillicon Valley investor and billionaire Peter Thiel is secretly funding Hogan's lawsuit against Gawker.

Gawker will appeal.

Gawker is the high-brow gossip sheet covering media, entertainment, politics and technology.

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