Website announces bankruptcy amid multiple defamation lawsuits related to the 2020 presidential election.
Gateway Pundit, the far-right media outlet known for spreading conspiracy theories that the 2020 US presidential election was stolen, has declared bankruptcy amid a series of defamation lawsuits.
The media's founder, Jim Hoft, said in a statement Wednesday that parent company TGP Communications filed for Chapter 11 bankruptcy “as a result of the progressive liberal law attack on our media.” .
“This is not an admission of fault or liability. It is a common tool for consolidation of reorganization and litigation in the event of attacks from all sides. It allows TGP to move towards a final resolution. We can consolidate this legal process into one court,” Hoft said in a statement on Gateway Pundit.
“Despite the efforts of the radical left to silence the Gateway Fund through censorship, deplatforming, debanking, blocking from advertisers, and other financial tactics, we are fearless and most We will not stand in the way of our mission to be one of the leading companies in America's trusted independent media today. We don't expect that to change. ”
Gateway Pundit is being sued by multiple parties for spreading false and defamatory claims, some of which are accused of helping rig the 2020 election in favor of President Joe Biden They also include two Georgia poll workers and a former employee of a voting machine company.
Founded in 2004, Gateway Pundit became one of the most influential news sources among conservatives and the far right, at one point ranking among the top 50 English-language news sites in the world.
In addition to denying the results of the 2020 election, the website has also made numerous claims over the years, including misidentifying the perpetrator of the 2017 Las Vegas shooting and claiming that former President Barack Obama was not born in the United States. He has promoted many falsehoods.
In 2021, Google terminated Gateway Pundit's online advertising revenue due to “persistent policy violations” of its misinformation policy.