Saturday, 21 July, 2018

Three public radio stations acquire Gothamist sites

Three public radio stations acquire Gothamist sites Three public radio stations acquire Gothamist sites
Nellie Chapman | 24 February, 2018, 08:55

DCist was abruptly shut down in November 2017 by its owner who, in a letter on the site, said "Businesses need to be economically successful if they are to endure".

"We are delighted to be able to merge LAist's assets into SOUTHERN CALIFORNIA PUBLIC RADIO's public service newsroom", said SCPR President BILL DAVIS.

According to the acquisition announcement, the deal comes after a competitive sale process, and it was funded by "generous philanthropic donations from two anonymous donors".

As part of the deal announced Friday, the three stations acquired the associated sites LAist and DCist along with the story archives, internet domains and social media assets of Gothamist and DNAinfo.

Their assets (including story archives) have been acquired by three public radio companies - WNYC in New York, KPCC in Southern California and WAMU in Washington, D.C.

"At a time when local journalism is declining everywhere, we are excited to revive this important news source for our region", JJ Yore, general manager of WAMU, said in a statement. When I heard that Ricketts had made a decision to close Gothamist and DNAInfo after my coworkers voted to unionize, my first reaction, like everyone else's, was shock. "The addition of DCIST expands the breadth of our local content, and increases our digital presence to better serve our community".

With an urban vibrancy and a global perspective, WNYC is New York's public radio station, broadcasting and streaming award-winning journalism, groundbreaking audio programming and essential talk radio to the city and beyond. "This will allow us to extend our high-quality news coverage and civic engagement onto new platforms to serve new audiences".

John Chao, the chief operating officer for New York Public Radio, said the public radio station plans to fund Gothamist through a combination of sponsorship, events and membership.

The site is expected to return this spring.

"I can't think of a better home for these sites and their archives". Founders Jen Chung and Jake Dobkin will join the WNYC staff as executive editor and head of strategy for Gothamist, respectively.