Last November, evil Trump-supporting billionaire Joe Ricketts shut down Gothamist (and its sister sites) to punish its staff for forming a union.
Now the sites have been acquired by a consortium of public radio stations including WNYC (NYC), WAMU (DC) and KPCC (LA), thanks to a deal brokered by the sites' founders, Jake Dobkin and Jen Chung and an anonymous donor who gave the public radio stations the money for the deal.
Dobkin characterizes the acquisition as "the best possible outcome" following Gothamist's unceremonious closure, which infuriated much of the media industry. Ricketts' controversial decision to shut down the sites came months after DNAInfo acquired Gothamist, and just one week after the combined newsroom successfully unionized. As an added blow, Ricketts initially blocked access to the archives of both sites, replacing them with a letter announcing that he had turned off the lights.
Gothamist Lives, Thanks to a Boost From Public Radio [Issie Lapowsky/Wired]
The public markets are hungry: as Uber and Lyft look to IPOs to let their investors -- who have been subsidizing 40-50% of every ride -- redeem their shares through sales to the public capital markets, the companies are desperate for ways to reduce their unprofitability and increase those share prices.
Pepsi's plan to pay a Russian company called Startrocket to loft an artificial constellation of cubesats with mylar sails to advertise a "nonalcoholic energy beverage" has been cancelled for unspecified reasons (the company says its prototype launch using high-altitude balloons was a "one-time event").
* whether they deserve one or not
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