The digital media world was abuzz last week when news surfaced that billionaire Peter Thiel had provided financial backing for a defamation lawsuit against Gawker Media. The suit stemmed from Gawker's publication of a sex tape involving ex-WWE superstar Terry Bollea, better known as "Hulk Hogan." A Florida jury awarded Bollea $140 million in March. Thiel, a Facebook board member and longtime financial supporter of the Committee to Protect Journalists, confirmed that he backed the Hogan case in part due to his concerns about Gawker's tactics.