I have to say, I find it funny to be called an apologist for the legacy news industry, as Clay Shirky suggested in an overnight post.

Ask Steve Forbes or Lex Fenwick what they think about that, given my columns of just a few months ago. Or ask Aaron Kushner himself, who was none too happy when I published confidential financials from the company’s pitch deck to investors back in January — and exposed the fact that the company’s bare $6 million in cash pointed to deeper problems. Early on, when I began my Newsonomics analyst work, the daily press took pains to call me a pessimist for my realistic, journalistic take on my own industry.

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