Nick Denton Declares the End of the Golden Age of the Blog
Christian Grattan/ Patrick McMullan - Nick Denton, Boss of Gawker
Gawker Media is under the gun and firing 19 people. Nick Denton said that in anticipation of a coming ad slump, he is firing 19 of the company’s 133 editorial staff, suspending bonus payments at the start of next year and bringing in a new managing editor, Gabriel Snyder, who was the West Coast editor at W magazine.
Denton suggested that the golden age of the blog may be over.
Denton tried to soften the blow somewhat by offering the survivors a 5 percent pay hike in lieu of bonus payments and he said he is adding 10 staffers to Jezebel, Deadspin, Kotaku and io9 – but only after the latest bloodletting.
Read the rest here. [NYP]
Related: Has Gawker Jumped the Snark? [NYT]
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