Shorter Mike Arrington: ‘I Sold My Company (to a Bunch of Idiots) and Expected to Still Maintain Control Over It.’

Mike Arrington at AOL/TechCrunch seems to have a little seller’s remorse:

We’ve proposed two options to Aol.

1. Reaffirmation of the editorial independence promised at the time of acquisition. Given the current circumstances, that means autonomy from Huffington Post, unfettered editorial independence and a blanket right to editorial self determination. To put it simply, TechCrunch would stay with Aol but would be independent of the Huffington Post.

or

2. Sell TechCrunch back to the original shareholders.

If Aol cannot accept either of these options, and no other creative solution can be found, I cannot be a part of TechCrunch going forward.

Anyone else running low on popcorn watching this saga unfold?

★ Tuesday, 6 September 2011