Capitalism without consequences — for the rich

What the collapse of Deadspin has in common with WeWork and Uber

A rich man standing on rubble.
(Image credit: Illustrated | Roman Novitskii/iStock, MicrovOne/iStock, Meilun/iStock)

Deadspin, the wildly popular sports website, is a smoking ruin. After a dispute with its new ownership, G/O Media, over intrusive autoplay ads and oafish demands that its writers "stick to sports," the brass fired beloved deputy editor Barry Petchesky. Most of the rest of the staff have since resigned in protest.

The peculiar thing about this dispute is that Deadspin was and always had been a profitable, successful business, and the primary complaint from the staff was that ownership was screwing up the money machine. Deadspin's non-sports writing got better traffic than its sports coverage. Autoplay ads with sound are traffic and brand poison, and many advertisers don't even request them anymore — indeed, they were reportedly a desperation tactic to deliver ad impressions to Farmers Insurance the owners had sold but could not deliver. (In a dark irony, Farmers has since pulled out of the deal.)

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Ryan Cooper

Ryan Cooper is a national correspondent at TheWeek.com. His work has appeared in the Washington Monthly, The New Republic, and the Washington Post.