Media Moves

Business Insider's Carney fired

March 25, 2010

John Carney, the managing editor of Clusterstock, a Business Insider site, has been fired, according to a story by Foster Kamer of the Village Voice.

Kamer reports, “We’re told Carney was fired by Blodget this afternoon, and it was speculated that this was the result of the last few weeks of disagreements between Blodget, publisher Julie Hansen, and Carney over how to best run Business Insider: Blodget wanted more sensational, pageview-grabbing posts and click-friendly features like galleries, while Carney wanted to put forth breaking news scoops that told a longer narrative.

“It was also speculated that Carney, one of the highest paid members on the Business Insider staff, wasn’t bringing the traffic numbers to sufficiently satisfy Henry Blodget, given his high profile within the financial reporting world, but that Clusterstock’s homepage had the highest traffic of all the verticals at Business Insider during Carney’s tenure, and that his own stories generated ‘tons of [unique visitors].’

“‘Maybe Henry thought that the rewards for giving him the freedom he had didn’t pay out enough,’ one source noted. ‘But the good will, the connections Carney had, we’re going to have a hard time compensating for that kind of thing. How can you?'”

Read more here. Carney was the editor in chief of before joining Business Insider in 2008.

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