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The Times' Rorshach Geithner Story
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Be Your Own Counterfeiter
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Being Tim Geithner
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Notes From a Press Conference Naif
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Happy Hour
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Recovery Without Rebalancing
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The Shape of Your Recession
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Blogonomics: Gawker Media
A surprising number of people seem to care that there's a bunch of turnover going on at Gawker: the latest departures have made both the Observer and the NYT today. That very fact proves Gawker's continuing media-goldfish-bowl relevance: it's unthinkable that the equivalent news would ever get this kind of coverage were editors to have left any of the other thirteen Gawker Media blogs, despite the fact that Gawker gets just 6.6% of all Gawker Media's pageviews in a good month.
There are two competing stories about the Gawker departures, only one of which is being told. The first, which is true, is that working for Gawker can be a soul-destroying experience. But there's a second story, which is also true. Gawker boss Nick Denton has never made any secret of the fact that he lives for growth in pageviews. When a site has growing pageviews, everybody working for that site tends to be very happy. When a site has stagnating pageviews, people working for that site tend to be rather unhappy. And in November, Gawker's 8,993,124 pageviews represented the site's worst showing of the year.
So now Gawker's looking for new blood, and especially someone who can turn the franchise around. "This change of the guard does give us the opportunity to accelerate the transformation of Gawker from cute blog to fully-fledged news site," Denton told the NYT, and that makes sense, because the old strategy of accelerating pageviews by concentrating on the social-media aspects of commenting only served to turn Gawker into an increasingly-hermetic club with a steadily declining number of unique visitors.
On the other hand, if the transformation into a news site doesn't work – and by work, I mean result in increased pageviews – the new editor might not last long. It's possible to stay within the Gawker fold while overseeing declining traffic, as Mark Lisanti has proved at Defamer. But it's a bit like being the CEO of a company with a steadily-falling share price. Sooner or later, you're likely to find yourself wanting to move on to new opportunities.






