More Gawker Cuts

Sheila McClear has been fired from Gawker. Nick Denton has been pink-slipping a lot of people, as well as selling off the Consumerist, consolidating Valleywag into Gawker and other moves, even though ad revenue is up from last year. He predicts a dire year next year. With the upcoming credit crunch, his predictions aren’t that far off base. All webjournalists have been feeling the squeeze. Luckily, my web revenue isn’t my only one.