Valleywag folds, or not quite – it gets spliced into Gawker and the URL stays.
For my sins, I came up with Valleywag’s name, but never really liked it, compared with other Gawker properties, not because I think its cruel to gossip about media shy millionaire geeks, but because gossip about them isn’t that interesting.
The recession gives an excuse to kill Valleywag, without looking defeated, firing a goodbye torpedo at Web 2.0 in general and distancing Gawker from the coming tech. startup train wreck.