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On Thursday, local news outlets DNAInfo, Gothamist, and their sister sites in Los Angeles, Chicago, and D.C. abruptly shuttered. The company's CEO, Joe Ricketts, the billionaire founder of TD Ameritrade, said in a statement that the news sites were not profitable. The closure of these media organizations comes after employees voted to unionize last week. Katie Honan, a former reporter for DNAinfo, weighs in.

This segment is hosted by Todd Zwillich.