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TechCrunch+ Termination - Lux Capital

luxcapital.com · 2,500 words · saved by 1 readers

January was a brutal month for journalists, globally from death and locally from layoffs. The latter hit home this week when TechCrunch announced the layoffs of several former colleagues I worked with as managing editor. The site also announced the shutdown of its subscription service TechCrunch+, which I as founding editor and others launched as Extra Crunch back around Valentine’s Day 2019 with a massive feature on creator subscription platform Patreon (an intentional irony!) Journalists and media critics have been shrill about the deleterious state of media economics, and that alarm is deserved: quality journalism is extraordinarily hard to do in the best of circumstances, and the business models that undergird beat, investigative and analytical reporting are no longer viable. Subscription is the only path forward, and no news outlet can survive for long when it fails. What’s striking about TechCrunch is its longevity: it’s become the rare survivor of the graveyard of digital media,

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