Nick Denton has been pairing down his blog empire lately, and the latest casualty is his Silicon Valley blog Valleywag, which he plans on folding into the foundational Gawker. Editor Owen Thomas will stay on to write for the site, which is keeping its URL.
Denton however, is also selling off his Consumerist site, and earlier this fall made cuts all across his blogging board.
At least this works as a good argument for Ron Rosenbaum's fight against Jeff Jarvis: It's not just print journalism and "old media" feeling the pinch in this economy. Successful blogs and online ventures are just as susceptible to the stillborn market right now. What happened to new media being the new economy?
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