Tommy Craggs, Max Read resign from Gawker
Posted in: UncategorizedThe people who voted to remove the post were the members of the managerial board. CEO Nick Denton, CCO Scott Kidder, Erin Pettigrew who is Chief Strategy officer and most importantly, Andrew Gorenstein, president of advertising and partnerships. Warped versions of taking the high road aside, Gawker needs money to survive, especially in the continuing wake of the Hulk Hogan lawsuit.
Denton, who wrote his non-apology apology after pulling the Condé Nast story has already said a win for Hogan would ruin Gawker financially. For a long while, and with one or two exceptions, most advertisers haven’t paid attention. But now that the public outcry over Gawker’s maliciousness has become a deafening roar, advertisers are looking at the situation differently now. Sure took them long enough. According to the Guardian, “the post was described by some critics as a form of blackmail and widely condemned in the media. At least one advertiser put ads on hold in protest.”
In a memo to the company, Read wrote, “I am able to do this job to the extent that I can believe that the people in charge are able, when faced with difficult decisions, to back up their stated commitments to transparency, fearlessness, and editorial independence. In the wake of Friday’s decision and Tommy’s resignation I can no longer sustain that belief.”
Perverted view of morality aside, it’s no longer possible for Gawker to sustain that stance, either. When you sink that far to the bottom, you effect the bottom line. Denton & Co have to worry about that.
If you’re a brand’s CCO, a brand managers, or work in media placement, it’s long past time you asked yourself this question: Are your dollars really worth spending on a noxious two-headed snake that is eating itself? Surely there are greener, less radioactive pastures to move to.
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