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by slg
1432 days ago
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> It all changed about two years when they were bought by private equity (G/O I wanna say) who attempted to exercise control over their editorial, resulting in a mass resignation. Many of the old writers started Defector (https://defector.com/), which writes in the same spirit. This really was one of the most fascinating journalism stories in recent years. There was this well respected and financially successful media company, in an industry in which most outlets are struggling. But management had no idea what made that company successful and was seemingly on a mission to kill what made it unique. Eventually management got so bad that the entire staff resigned over the course of a few days. Dozens of people quit their job in a shrinking industry in which any journalism job can be your last. Then after a year of many of the journalists bouncing between freelancing gigs, most of that staff is able to band together to create a new company. This time it is a workers collective in which the journalists are not just employees, but also owners. The new company is almost immediately a success, continues to grow in size, and build on the legacy of the original site. I have never seen anything like that before. |
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