Joe Ricketts, the billionaire owner who last week shuttered news sites DNAinfo and Gothamist, says his decision was purely economic. The union disagrees.

A billionaire’s decision last week to shutter the news sites Gothamist and DNAInfo, just a week after employees voted to unionise, seemed to mark another low for unions in online media age.

Owner Joe Ricketts seemed to be making good on threats to pull the plug on his publications if workers joined a union. But in a public statement, Ricketts – a Donald Trump backer and founder of the discount stock brokerage TD Ameritrade – said the decision was purely financial.

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