DNAinfo and Gothamist Shut Down Due Insufficient Revenue

DNAinfo, a media company that includes local news websites such as Gothamist and LAist, was abruptly closed Thursday over a lack of revenue, just days after some of its newsrooms voted to join a union. Joe Ricketts, the billionaire who launched DNAinfo in 2009 and bought Gothamist earlier this year, said the company failed to make sufficient progress to become economically successful. James Valles reports. (BNO News)