This week, thousands of people descended on San Francisco for Tech Crunch Disrupt where the start-up focused conference is in full swing with Michael Arrington, found and former editor for TechCrunch, in attendance. Being ousted from the roost of his popular blog hasn’t slowed Arrington for a second; he’s got a brand-spanking new venture capital firm and AOL’s $25 million payday to dry his tears.
However, AOL may have bit off a bit more than it can chew with the TechCrunch acquisition and ouster. While the official statement appoints Eric Schonfeld to the top of the masthead, Arrington and some key staffers have expressed their displeasure with AOL’s decision. And with good reason. The controversy hasn’t dampened enthusiasm for Arrington — for reasons that are unique to the fifth estate, or the new breed of news provider rising up while the field of professional journalists shrinks.
In the wake of Arrington’s decision to write for TechCrunch while launching CrunchVentures, a venture capital firm highlighting up and comers in the tech industry, vanguards of the fourth estate cried foul over the obvious conflict of interest. Read more