Renaming the group as Gizmodo Media Group makes sense, as Gizmodo was the first blog that founder Nick Denton created under what would become the Gawker Media Group. Still it's undoubtably the end of an era for a site that was notorious for both stirring up trouble as well as doing some undeniably excellent reporting.
What'll ultimately happen to Gawker's years of content remains to be seen. The site is still live, but with no word from Univision as to what'll happen to it, it wouldn't surprise us if it was purged from the internet entirely at some point. First, though, Univision will likely have to get to the bottom of the Gawker / Hogan lawsuit before it can remove Gawker from the internet entirely.