I agree, but the reason Gawker lost is important. It was because they violated someone's privacy.
I strongly support violating the privacy of powerful, public figures in the future if it serves public interest. I agree that Gawker was stupid, greedy, and overreaching here, but I still worry that next time, the sex tape (or whatever it is) will be equally private but much more important to the public.
People are acting like their is no thought put into these type of court cases. This isn't a universal precedent that applies to every situation. It doesn't prevent any journalist from pursuing legitimate news stories and invading privacy along the way. It only prevents journalist from invading someone's privacy where the only story is the invasion itself.
A billionaire could fund cases against a media company entirely irrespective of the merit of those cases - the media company would still be forced to pay the legal fees associated with defending themselves, even if it's as simple as just getting it thrown out of court. Do it enough times and you've bankrupted the company.
For an example, Mother Jones was brought to the brink of bankruptcy for reporting an entirely true and legitimate story:
http://m.motherjones.com/media/2015/10/mother-jones-vandersl...
It looks like you haven't been paying close attention to the Gawker suite: Gawker also had insurance, but Bollea strategically dropped a charge that would have let Gawker claim against insurance (and at the same time reducing the total amount he would receive). This suite isn't about damages: it's about bankrupting Gawker for better or for worse. There's nothing that suggests a similar strategy can't be employed against Mother Jones.
Plus Gawker's case was specifically structured to avoid an insurance payout. A blueprint for others in the future.
That's obviously a big problem. I have never understood why America insists on a dogmatic principle that inherently and unavoidably gives a vast advantage to well-off parties over poor parties. You can get away with a lot of vexatious litigation before the courts (a) notice it and (b) actually act upon it.