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Revolving Door Newsletter: 09.28.10
AOL Acquires TechCrunch; Roster of NY Media Reporters ShiftsSeptember 28, 2010
Michael Arrington sells out. The workaholic TechCrunch founder collects serious AOL cash -- somewhere between $25 and $40 million -- for his influential chronicler of the startup world. Om Malik had the scoop first. It's a good move for Arrington, a Silicon Valley kingmaker whose stock has dipped a bit in recent years: He gains a bigger platform while earning a mountain of dough. (No matter that a TC reporter once called AOL PR clueless.) Arrington is signed on for at least three years at AOL, though some question how long that might last. Elsewhere, AOL is buying Web video start-up 5Min ...