Drudge Retort: The Other Side of the News
Saturday, November 04, 2017

Billionaire TD Ameritrade founder Joe Ricketts on Thursday announced the shuttering of DNAinfo, a superlative local site in New York City and Chicago, and the Gothamist family of local urban websites with editions in New York, Washington, Chicago, Los Angeles and San Francisco, as the New York Times reported. No, it's not unfathomable that another venture in web-based local news has crumbled or faltered. That happens all the time. The unfathomable part is what happens when you attempt to log on to those sites. They don't come up. Instead, you get Ricketts's explanation as to why everything is going kaput. "Today, I've made the difficult decision to discontinue publishing DNAinfo and Gothamist. Reaching this decision wasn't easy, and it wasn't one I made lightly," writes Ricketts at the beginning of his closure note. As the New York Times pointed out, workers at the combined DNAinfo-Gothamist newsroom in New York voted to unionize.

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Ricketts must be another one of those New York Liberals like President Trump.

#1 | Posted by snoofy at 2017-11-03 10:19 PM | Reply

Smart business move.

#2 | Posted by bogey1355 at 2017-11-04 09:59 PM | Reply

This may be illegal. Those employees probably have recourse.

#3 | Posted by dibblda at 2017-11-05 01:15 AM | Reply | Funny: 1

3 lol yeah let them build their own web sites!

#4 | Posted by DavetheWave at 2017-11-05 09:54 AM | Reply

#4,

My sentiments exactly.

#5 | Posted by bogey1355 at 2017-11-05 11:47 AM | Reply

These sites were profitable, but Ricketts would rather shut them down than reward those who made them profitable. The employees should simple go create new sites without him.

#6 | Posted by Whatsleft at 2017-11-05 05:33 PM | Reply

These sites were profitable - #6 | Posted by Whatsleft at 2017-11-05 05:33 PM |

Where are you getting that info from? The New York Times reported that "Mr. Ricketts, who lost money every month of DNAinfo's existence" That's the article that this WaPo article uses for the basis of its piece.

#7 | Posted by Avigdore at 2017-11-05 06:07 PM | Reply

#7

I'm sorry. Not both sites, but there have been some reports that the Gothamist was profitable.

www.nytimes.com

#8 | Posted by Whatsleft at 2017-11-05 07:36 PM | Reply

#8

That same article says that DNAInfo never was profitable, even with the addition of Gothamist.

The writer of that opinion piece is a member and organizer of the union that unionized the Gothamist, of course he is butthurt.

#9 | Posted by Rightocenter at 2017-11-05 07:55 PM | Reply

Dave is right, if that business is so profitable, those writers can go to GoDaddy and start their own website.

#10 | Posted by Rightocenter at 2017-11-05 07:56 PM | Reply

I know! Let's give him a tax break!

#11 | Posted by Sycophant at 2017-11-05 11:36 PM | Reply

#10 RIGHTOCENTER

That's a pretty idiotic comment. And I'm pretty sure you know it. The business would have to be started all over again. You have to get all of the writers together. You're talking about a task that is pretty much impossible.

#12 | Posted by Sycophant at 2017-11-05 11:37 PM | Reply

#12

I know, which was partially the point...it is a very complicated exercise to create a profitable news website, which Ricketts found out the hard way, especially after buying Gothamist.

It's pretty easy to say "he closed it because they tried to unionize it...!!!!!" while ignoring the economics of the business.

#13 | Posted by Rightocenter at 2017-11-05 11:58 PM | Reply

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