Private equity bought Deadspin. It didn’t work out.
Deadspin, the once-upon-a-time go-to sports and culture website, is now a shell of its former self.
Deadspin is owned by a private equity company that reportedly wanted a more aggressive ad policy and told reporters to “stick to sports.” None of that went over well this week, resulting in the firing of a top editor and the mass resignation of Deadspin staffers in protest. The disaster also says a lot about what can happen when private equity and an online media company collide.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
