Photo: John Taggart/The Washington Post via Getty Im Offside Tavern in Chelsea was crowded for game seven of the World Series, but bartender Nick Costa noticed a group of patrons who seemed strangely “low energy” during the game. “There were a lot of pissed-off faces in that crowd,” said Costa, who also owns Offside. When someone from the group approached the bar wearing a Deadspin sweatshirt, Costa learned why: “I was like, ‘Oh, shit, you work at Deadspin?’” “‘I used to work at Deadspin,’” responded Laura Wagner, who had resigned from the website earlier that day. Costa, a Deadspin reader, covered Wagner’s tab. The staff of a sports blog watching but not covering a historic game seven was only the beginning of an exceedingly strange few days for Deadspin. Over the course of the last week, all 19 of Deadspin’s editorial employees, and the editorial director of its parent company, G/O Media, resigned, the culmination of months of tension between Deadspin’s editorial staff and Great Hill Partners, a Boston-based private-equity firm that bought the media company six months ago. By now, journalists at publications owned by private equity expect major changes, cost cuts, and layoffs. Private equity is supposed to… Read full this story
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