“The reason there are no weird blogs anymore is that it’s more fruitful to drive them out of business.” Private equity is ripping media into shreds.
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I remain thankful that Kottke dot org is a one-man operation and therefore not subject to this shit.
The article is right. Any industry private equity sets its sights on becomes fodder for a grist mill and is ground up into nothing.
I hate capitalism.
And yet! Readers have been trained to expect free content and accept drivel over quality reporting. "High quality reporting" is no longer financially viable, having become the purview of non-profits. Creating a whole other set of problems we'll have to address some other time.
Vice and Deadspin were "weird blogs"? Witty headline fail.
This is roughly the introduction of her book, "Bad Company" about the impact of private equity on society as told through the experiences of four individuals. I'm currently reading it and it's both excellent and so maddening I can barely keep going.
Private equity is ripping the world into shreds.
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