Thursday, September 08, 2011

Arrington out at AOL (for real this time) - The Term Sheet: Fortune's deals blog Term Sheet

Somehow I doubt he will stay out of the spotlight for long

Arrington mostly stayed out of the public fray until yesterday when he demanded that TechCrunch either be given full editorial independence or sold back to Arrington and other legacy shareholders (AOL had purchased the site last year).

But AOL is not giving TechCrunch its editorial independence. And it is not selling it back to Arrington.

Instead, Fortune has learned that AOL executives have decided to terminate Arrington. It is unclear how this will officially occur. Maybe a pink slip. Maybe Arrington submits a (public?) letter of resignation. Maybe Tim Armstrong simply gives Arrington a phone call, and he quickly dashes off a note to TechCrunch employees on his iPad.

Arrington out at AOL (for real this time) - The Term Sheet: Fortune's deals blog Term Sheet

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