Gawker Media founder and CEO Nick Denton said Wednesday his company's battle with former wrestler Hulk Hogan is far from over.
"I'm not a big professional wrestling fan, but I understand there are many rounds. This was one of those several rounds. There are still a few to go," he told CNBC's "Squawk Box.".
A Florida jury last week found that Gawker was liable for causing harm to Hogan, whose real name is Terry Bollea, after the company posted clips of a sex tape featuring the former wrestler and a friend's wife.
On Tuesday, a jury tacked on another $25 million in punitive damages to the $115 million in compensatory damages it awarded Bollea. Denton is personally liable for $10 million of the punitive damages.