The Risk of Billionaire-Funded Media, the Importance of Archiving, and Other Takeaways From the Demise of DNAInfo and Gothamist
DNAinfo and Gothamist, two popular local news networks, were abruptly shutdown last night, just a week after employees of companies voted to unionize. Billionaire Joe Ricketts, who launched DNAInfo in 2009 and acquired Gothamist last year, wrote that while the two sites had accomplished much over the years (9 million unique visits a day) “that progress hasn’t been sufficient to support the tremendous effort and expense needed to produce the type of journalism on which the company was founded.” Of course the timing of the news lent itself to a different conclusion: rather than recognize the sites’ unionization efforts, Ricketts (who hasn’t kept secrets his distaste for unions) decided to shut them down. Adding insult to injury, the dozens DNAinfo and Gothamist employees (which included both writers and salespeople) were themselves blindsided by the news, which many learned of via the message that all the sites’ links redirected to.
Here are some early takeaways.
— Perhaps billionaires aren’t the ideal benefactors for news. The success of Jeff Bezos-backed Washington Post and Pierre Omidyar’s First Look Media have been encouraging signs that, news organizations can thrive and do good work under a billionaire aligned with their efforts. Joe Ricketts offers a counterargument. Signs that Ricketts didn’t hold journalistic independence sacrosanct came soon after DNAinfo acquired Gothamist LLC, which promptly deleted at least five stories since 2010 about its new owner.