[johnnyg]

A group of workers who weren't making money decided to get together to increase the ask of the owner of the business. That's a big red flag that says "we aren't united in fixing what's wrong here". At that point, the situation is impossible. There's little to no chance of a path to profitability. This isn't some 100 year old car making giant who can be abused for decades and still remain standing, its a money losing small media outlet fighting for survival and relevance.

That same group of workers can start another similar business under their control tomorrow. I bet they won't. They want "someone else" to fix their problems. One of their problems appears to be math.

There were real problems unions solved in this country. True "we own the store, we own your house, we've blocked the exits, your boss has a gun pointed at you" abuses. This is so comically far from that. The only joke left in the story is the outrage of the article's author for not seeing the obvious, inevitable conclusion that he and his peers forced.

I'd like my 20 minutes back from having to have read and responded to this junk. There are serious liberal viewpoints put forth on HN but Mr Hamilton Nolan, yours sir, isn't one of them.

[pmoriarty]

"A group of workers who weren't making money decided to get together to increase the ask of the owner of the business."

According to the article:

"DNAinfo was never profitable, but Mr. Ricketts was happy to invest in it for eight years, praising its work all along. Gothamist, on the other hand, was profitable, and a fairly recent addition to the company."

So at least Gothamist -- one of the companies that Ricketts shut down -- was actually profitable.

[manigandham]

So one of them becomes even more unprofitable and the other could potentially be unprofitable as well now. Either way, the total net increase in cost across both can easily make the entire venture no longer worth it.