AOL executives have reportedly decided to terminate the employment of tech blogger Michael Arrington from the company.
Arrington, who happens to be the founder as well as the ex co-editor of TechCrunch, kick started a wide spread debate last week when he had announced that he was forming a new venture capital fund in order to invest on start ups.
TechCrunch. just like any other media house, has this strict policy of not allowing its writing and editing staff to make investment on companies they write about.
Initial reports surfaced that the site was willing to make an exception with Arrington in this regard. Also there were speculations about Arrington being shifted to a new position where he would play more of a passive, but important role.
The New York Times' David Carr, in a story headlined “A Tech Blogger Who Leaps Over the Line”, said "the idea of a news site that covers every aspect of nascent tech companies sharing a brand name and founder with a venture capital firm financing these same companies seems almost comically over the line," CNET reports.
On being approached for comments, both Arrington and AOL refused to comment.