At approximately 5 p.m. on November 2nd, 2017, New York City lost two go-to sources for local news, Gothamist and DNAinfo. According to the affluent CEO, Joe Ricketts (who expanded his fortune with the metamorphosis of First Omaha Securities into TD Ameritrade), “at the end of the day… businesses need to be economically successful if they are to endure.”
And evidently, being “economically successful” hasn’t exactly been the Gothamist/DNAinfo amalgam’s strong suit. Compounded by the writers’ recent decision to unionize, it’s no wonder Ricketts decided to cut bait on a medium that has increasingly proven to be too expensive to sustain (that is, if you actually pay your writers a living wage).
With the rug pulled out from under not only the salaried and freelance journalists dependent upon the news outlets for work, the abrupt closure of Gothamist and DNAinfo has also left a power vacuum in the world of local reporting. Considering the Bushwick Bugle is also up for sale right now, it’s a veritable free-for-all that leaves The Burning Bush in the rare position of actually being the neighborhood’s most reliable news source. What pressure indeed. But we’re sure you won’t have to rely on BB for too long before some other magnate swoops in to buy up some internet real estate that they’ll just shut down in another five or so years. But through it all, we’ll stand back and watch like Daria gazing at Tiffany and Stacy as they fight to hit the volleyball that is NYC-centric news.
Written by Genna Rivieccio