Under Old Management ⇥ the-magazine.org
The Magazine’s founder Marco Arment has had a complicated few weeks. On April 25, he sold a majority interest in Instapaper to Betaworks and gave them all the operational responsibility. This came five years after he launched Instapaper as a service to the general public. On May 19, Yahoo voted to spend $1.1 billion to acquire Tumblr, a blogging platform and social network that Marco had helped to create as David Karp’s first (and, for years, sole) employee. […]
And in mid-May, Aperiodical LLC, a sprawling colossus of a single-member limited liability company in Washington State, secretly voted 1-0 to acquire The Magazine from Marco, effective on June 1. There were no abstentions.
On June 1, Glenn Fleishman will take ownership of The Magazine. I’ll be stepping back to an advisory role.
At this rate, Marco will soon be auctioning off his internal organs.