To no one’s surprise, Ezra Klein, founder and editor of the popular Wonkblog, is leaving The Washington Post along with two other journalists in order to launch a new venture. Andrew Beaujon of Poynter has the details. In Politico, Dylan Byers and Hadas Gold report that Klein was looking for the Post to invest $10 million for a 30-staffer operation.
Post owner Jeff Bezos and his top lieutenants may have had good reasons for not meeting Klein’s conditions, but there’s no question the Post’s online traffic and buzz are going to suffer as a result of his departure. Recently I wrote a piece for the Nieman Journalism Lab arguing that news organizations need to find ways of forming loose networks with independent-minded stars like Klein.
If Bezos didn’t want to give Klein $10 million (and there’s no reason why he should), why not let Klein raise some of that venture capital on his own and give him an ownership stake? Maybe the two sides talked about ideas like that and couldn’t come to an agreement. But I suspect this is a divorce that could end up hurting both parties.