I'm surprised they still existed. When gawker ran into hulkamania, we learned that they (gawker in general) hadn't turned a profit in almost 8 years, and yet still operated. From what I remember, Deadspin was a gawker media vestige.

So someone was bankrolling them, and it was costing them a ton to keep that alive.

I guess they're tired of it and are pulling the plug.