Ricketts to Reporters: Drop Dead

Was the shutdown of the online news sites DNAinfo and Gothamist purely an act of spite? Ricketts’s acquisition of Gothamist in March suggests that he had been determined to make the business work. He seemed willing to continue to try to “crack the code” of profitability at DNAinfo only if his reporters had no bargaining power. News organizations’ only recourse at present is to hope that Congress may enact antitrust legislation that takes into account the monopolistic evolution of the Internet.

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