The UK was used for libel tourism, the rich and powerful taking advantage of libel laws that were much too easy to use to silence the media (and/or to claim huge damages), with super injunctions (e.g. Guardian and Trafigura, and the Ryan Giggs cases) another much-abused libel tool showing how significant the wider law is.
You can't grasp media regulation by studying the formal regulators alone.
Here we have a case in which a vengeful venture capitalist funded a lawsuit by the wrestler which has caused Gawker (which once upset this VC) to go bust and be sold off. The case was lodged in Florida - where state law means that it doesn't matter if you appeal, you legally must pay up whatever damages the initial judge sets immediately, a variation on the once rampant UK libel tourism.
Read more here.
On a lighter note (though you could decipher the semiotics of the Aryan figure...),
"Whatcha gonna do, brother? Whatcha gonna do when Hulkamania runs wild on you?"
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