Crunch time at TechCrunch: Site has lost 35% of its traffic since September

There wasn’t much explanation given yesterday when TechCrunch editor-in-chief Erick Schonfeld stepped down. But a scoop from PaidContent this afternoon reveals why AOL might have been looking to shake things up. Traffic has fallen almost 35% since founder Mike Arrington left and Schonfeld took over in September of 2011.

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TechCrunch editor Michael Arrington takes off

Michael Arrington, founder of technology blog TechCrunch and known for his fiery personality and zero tolerance for corporate authority, has “decided” to move on from the San Francisco-based tech news publication.