Hulk Hogan was awarded $115 million for economic harm and emotional distress in his invasion-of-privacy against Gawker Media for releasing a sex tape featuring the retired wrestler on its gawker.com website.
Punitive damages will be established separately and may raise the amount considerably higher.
Witnesses said Bollea wept as the verdict was read late Friday afternoon after the jury deliberated for about six hours.
Bollea's lawyers called the decision "a statement as to the public's disgust with the invasion of privacy disguised as journalism."
"The verdict says, 'No more,' " his legal team said.Gawker's founder, Nick Denton, vowed to fight the decision.
"We feel very positive about the appeal that we have already begun preparing, as we expect to win this case ultimately," he said.
The website argued the publication of the tape is protected by the U.S. Constitution, saying the former "Hogan Knows Best" star surrendered his right to privacy by publicly discussing his sex life.
Bollea's lawyers maintain the release of the video was an invasion of privacy with no news value that would allow Gawker to invoke the First Amendment for protection.