Judge will not reduce $140 million in damages Gawker has to pay Hulk Hogan
Anna Phillips for the Tampa Bay Times was the first to report the news.
Gawker can appeal this latest ruling to Florida's Second District Court of Appeals, where it is confident it will succeed, reports Capital New York.
Gawker Media, a New York-based online news site, was hoping that a Florida court would reduce a jury verdict handed down earlier this year in which Terry Bollea - aka pro wrestler Hulk Hogan - won an invasion-of-privacy suit against Gawker that awarded him $140 million.
But during a court hearing, state court judge Pamela Campbell rejected a motion by Gakwer to reverse or reduce the verdict.
Wednesday's development means that Gawker may be required to post a $50 million bond under Florida law.
Hulk Hogan sued Gawker over a news article in 2012 written by editor A.J. Daulerio that included a clip of Hulk Hogan having sex as well as a lengthy written description.
On Tuesday, several reports alleged that Silicon Valley investor and billionaire Peter Thiel is secretly funding Hogan's lawsuit against Gawker.
Gawker will appeal.