And so does Shiva Ayyadurai, the man who claimed to have invented email,a nd Gawker debunked his claim. As part of the deal, the 'offending' article will also be removed. Ayyadurai will get $750,000.
A slashdot commenter has the best summing up of the settlement:
A millionaire sued another millionaire and millions changed hands. Everyone is scum in this situation. Plaintiff, defendant, and lawyers. Just an average day in America.