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Gothamist co-founder Jen Chung, left, chats with artist David Combs as he paints near St. Patrick's Cathedral in New York in 2004. Photo: Bebeto Matthews / AP

Gothamist, a culture blog founded in 2003 and its parent company DNAinfo, a local news site founded in 2009 that has subsidiaries around the country, were shut down Thursday, The New York Times reports. DNAinfo owner Joe Ricketts announced that he closed the properties after the entities voted to unionize Thursday with the National Labor Relations Board, which Ricketts said created too great of an economic burden on the businesses.

Why it matters: Digital publications and local news sites have been struggling to drive revenue amid Google and Facebook's advertising dominance and reach. The merger of DNAinfo and Gothamist earlier this year was supposed to ease economic strains, but the success of the partnership never fully materialized. DNAinfo provided a lot of local, urban coverage that will be missed.

Go deeper

Dion Rabouin, author of Markets
5 mins ago - Economy & Business

Janet Yellen said all the right things to reassure the markets

Illustration: Aïda Amer/Axios

Treasury Secretary nominee and former Fed chair Janet Yellen's confirmation hearing before the Senate Finance Committee on Tuesday showed markets just what they can expect from the administration of President-elect Joe Biden: more of what they got under President Trump — at least for now.

What it means: Investors and big companies reaped the benefits of ultralow U.S. interest rates and low taxes for most of Trump's term as well as significant increases in government spending, even before the coronavirus pandemic.

Updated 38 mins ago - Politics & Policy

Biden to sign 15 executive actions on Day One

President-elect Joe Biden. Photo: SAUL LOEB/AFP via Getty Images

President-elect Joe Biden is expected to sign 15 executive actions upon taking office Wednesday, immediately reversing key Trump administration policies.

Why it matters: The 15 actions — aimed at issues like climate change and immigration — mark more drastic immediate steps compared with the two day-one actions from Biden's four predecessors combined, according to incoming White House press secretary Jen Psaki.

Mike Allen, author of AM
38 mins ago - Politics & Policy

The Swamp wins

President Trump on Jan. 28, 2017, with two aides he later pardoned — national security adviser Michael Flynn and strategist Steve Bannon. Photo: Drew Angerer/Getty Images

It was 12:50 a.m. on Inauguration Day when President Trump announced 143 pardons and commutations — including a pardon for Steve Bannon. 17 minutes later, the White House released an executive order that said it all about his failure to "drain the Swamp," as he'd promised in the '16 campaign.

Driving the news: Trump revoked an executive order, signed eight days after he took office, that limits his appointees' lobbying for five years after leaving the administration.

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