Paul Maidment, who told Deadspin staffers to "stick to sports" last week and effectively killed the site, said he was leaving to "pursue an entrepreneurial opportunity."
“And with that, it’s over,” former Editor-in-Chief Megan Greenwell said Friday. “Deadspin no longer employs a single writer or editor."
Seven staff members at the popular website Deadspin quit on Wednesday as part of a dispute with management over its focus, a spokesman said.
What the PayPal co-founder planned to do with the news site remains unclear.
A Kickstarter campaign led by former staffers raised less than $90,000 of its $500,000 goal.
The fundraising campaign is a last-ditch effort to revive Gawker.com.
The digital firm owns several sites, including Vox.com, SB Nation and Eater.
The next news site fighting a union drive likely will try to wield it as a cautionary tale.