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Two years after the collapse of Lehman Brothers, regulators are working on ways to prevent it happening again. That means finding a way to wind down a complex, global financial institution safely, while making its shareholders and bondholders suffer…

As one of the most successful pure-play online publishers, Nick Denton’s business model for Gawker Media is worth close scrutiny. Ben McGrath’s piece in The New Yorker contains some interesting data about his financial results:
As it is, gi…