In his ever present search for more money through slashing, Nick Denton of Gawker Media obviously concluded that the 1 million pageviews monthly on tech gossip rag Valleywag just won’t do. It has to go, and will do so at the end of the month according to Owen Thomas. Valleywag got to stick around two and a half years, but will live on as a part of Gawker Media flagship site Gawker, to which Thomas invites us for more snarky tech gossip.

I’m sure we’ll all be there.

Do read the VentureBeat piece on this, full of internal linking and gossipy stuff.

Nick Denton’s successful blog network is getting ready for harder times. 19 of the 133 employers is being laid off, while another 10 is hired to strengthen the successful sites like Gawker, Kotaku, Gizmodo and Lifehacker. He’s also temporarily suspending the pageview bonus system, which have already seen some slashing, for the first quarter next year, while hinting that it might be out of the loop longer in his memo. It’s not all bad news for Gawker Media bloggers, though, since the base pay amount will be raised for the ones not getting sacked.

Denton blames the recession. read more

Once again, Gawker Media has cut the pay of their bloggers, according to a post over at Radar.

You may recall that not too long ago, Gawker Media moved to a model where their bloggers were tied to the traffc on their individual blog posts - along with a system of traffic bonuses and other incentives.

The declining economy may have had an impact on Gawker Media, thus driving down the payrates… read more