henry copeland:
- nypost.com
Gawker finances
Profits at the privately held Gawker Media Group grew 9.5 percent last year, to $6,529,821, from the previous year. While most private companies closely guard their financial info, Denton, anticipating being forced to make the numbers public at the Hogan trial, released certain figures on Thursday. Revenue over the period was up 26.6 percent, to $44.3 million, Denton said. But expenses rose at an even faster clip, up more than 30 percent, to $37.8 million in 2014 — and they appear to be accelerating this year. The rise in costs is being fueled by a move the company is making — from modest Soho digs into new offices later this year on West 17th Street that will eat up some $3 million a year in rent.- nypost.com