Arrington voluntarily posted on TC announcing he was stepping down as Editor of TC but remaining on as a writer while he went to start his new fund. His new fund is primarily funded by AOL and he has the full support of the AOL CEO.
Arianna who's responsible for AOL's other news outlets then had her staff tell the media that Arrington was fired and would have no role at Techcrunch. This seems to have been done without consulting the AOL executive committee who backed Arrington.
Techcrunch when they were acquired by AOL were promised full editorial independence, hence they were AOL's only news blog outlet not to be controlled by Arianna. Arianna then attempted to make a power grab by publicly announcing that Techcrunch fell under her control and she was going to appoint the new editor.
Arrington complained that this grossly violated the editorial independence promised by AOL, and that Techcrunch should be able to appoint it's own editor. Many of TC's writers are unhappy with this violation and feel without independence they won't be able to retain the tone and spirit of TC (which is often very abrasive).
At least one of their writers (Paul Carr) has publicly stated that he would resign unless Arrington got to appoint the next editor . Even in this article note how the Techcrunch writer puts "Deciding" in quotation marks to indicate that Arrington was pushed.
The final line of the press release "TechCrunch will be expanding its editorial leadership in the coming months." seems to imply that Arianna has won the power battle within AOL. The line saying Erick Schonfeld has been named editor is highly misleading, Erick's been co-editor of TC since 2007, it adds nothing new to the situation.
Small note, this doesn't seem to be simply an unsolicited power grab on Arianna Huffington's part. From the Press Release announcing the AOL Acquisition of Huffpo:
Arianna Huffington To Lead Newly Formed The Huffington Post Media Group Which Will Integrate All Huffington Post and AOL Content, Including News, Tech, Women, Local, Multicultural, Entertainment, Video, Community, and More
It seems like her role as Editor In Chief of all AOL content was part of the deal she made, since this occurred after the Techcruch deal was done Arrington likely had little recourse at that point. (Huffpo was acquired after TC, any promises made to TC about editorial independence was prior to the new editorial leadership). "Promises" made when big companies buy little ones are always pretty worthless once the rubber really hits the road.
While some say that TechCrunch is the TMZ of our industry, some days it seems like Hacker News is the TMZ of TechCrunch. I don't care what anyone says, we're all eating up the TC drama over here.
Agreed. I don't really think it's good or bad thing but just a good observation. It's a lot like how everyone cranes their neck at a car accident. You don't want to gawk but you do anyway.
If the writers are really that pissed, what's to stop them from just jumping ship and starting a new tech blog? They'll be able to take their industry contacts and Twitter accounts with them, meaning they could have a near seamless transition.
Undoubtedly there's a non-compete in place, at least for Arrington. The writers could maybe jump ship if they are willing to take the leap, but they'd have to be very careful to steer clear of Arrington if they do so.
Note non-competes as the result of acquisitions are pretty much iron clad even in CA.
It's unclear if they do have non-competes. Non-competes make sense for developers at a startup stopping them working for a rival to that startup, as there's plenty of other firms that developers can work for.
But for tech journalists ? - if you stop them working for a tech news site they can't get another job. It's not as if they can become sports journalists or war correspondents, a large part of their value is in their specialism and contacts in that specialism. Hence a non-compete would probably be considered an unfair restraint of trade.
"Note non-competes as the result of acquisitions are pretty much iron clad even in CA."
I think that only applies if the employee in question had ownership/investment in the acquired company. If they did not, then the non-compete is not valid (at least in CA, I have no idea about WA).
Arianna who's responsible for AOL's other news outlets then had her staff tell the media that Arrington was fired and would have no role at Techcrunch. This seems to have been done without consulting the AOL executive committee who backed Arrington.
Techcrunch when they were acquired by AOL were promised full editorial independence, hence they were AOL's only news blog outlet not to be controlled by Arianna. Arianna then attempted to make a power grab by publicly announcing that Techcrunch fell under her control and she was going to appoint the new editor.
Arrington complained that this grossly violated the editorial independence promised by AOL, and that Techcrunch should be able to appoint it's own editor. Many of TC's writers are unhappy with this violation and feel without independence they won't be able to retain the tone and spirit of TC (which is often very abrasive).
At least one of their writers (Paul Carr) has publicly stated that he would resign unless Arrington got to appoint the next editor . Even in this article note how the Techcrunch writer puts "Deciding" in quotation marks to indicate that Arrington was pushed.
The final line of the press release "TechCrunch will be expanding its editorial leadership in the coming months." seems to imply that Arianna has won the power battle within AOL. The line saying Erick Schonfeld has been named editor is highly misleading, Erick's been co-editor of TC since 2007, it adds nothing new to the situation.