"Gawker is no longer the insolent blog that began in 2003.... This story about the former Treasury Secretary’s brother does not rise to the level that our flagship site should be publishing."

"The point of this story was not in my view sufficient to offset the embarrassment to the subject and his family. Accordingly, I have had the post taken down. It is the first time we have removed a significant news story for any reason other than factual error or legal settlement.... But this decision will establish a clear standard for future stories. It is not enough for them simply to be true. They have to reveal something meaningful. They have to be true and interesting. These texts were interesting, but not enough, in my view. In light of Gawker’s past rhetoric about our fearlessness and independence, this can be seen as a capitulation. And perhaps, to some extent, it is...."

Writes Nick Denton, reacting to intense criticisms. 

ADDED: TPM says:

[T]here was apparently a clear difference of opinion about removing the post between Gawker's parent company, Gawker Media, and the website's editorial brass. Gawker staff writer J.K. Trotter wrote that Gawker Media's managing partnership, which includes its legal counsel, actually had voted 5-1 to take the much-maligned article down over the protests of "every other member of Gawker Media’s editorial leadership."...

The website's editor-in-chief, Max Read, had defended the article's publication by arguing that the executive was fair game by virtue of his position with Condé Nast and the fact that he solicited a male escort while being married to a woman....

But Denton seemed to side with those journalists who had complained on Twitter that outing the executive wasn't truly in the public interest.