I'm no fan of Gawker, but surely you can agree it is slightly disconcerting that a media organization of admittedly middling reputation was taken down because they annoyed a person wealthy enough to engage in a legal vendetta against them.
What if my local paper annoyed a rich person who decided to intervene in a totally separate case to bury them in lawsuits?
Should Gawker have outed Peter Thiel? Probably not, unless he was being hypocritical about it, such as by giving large donations to vehemently anti-gay politicians. Yes, Gawker peddled in smut but so does People and the dregs of the tabloid world. If People published an unflattering article about, say, Kanye, would you be fine with Kanye funding a lawsuit against People to get them shut down by burying them in legal fees?