I am okay with the demise of the sort of outlets that they own from a quality perspective and the type of people I imagine frequent their assets in lieu of other outlets on average probably do not care. Most of what we read online that are "current events" or "news" are glorified press releases anyway, so what difference does it make how the information is generated? Feature stories and in-depth criticism is another matter, but I don't think that the sort of people in search for more substantial content are dependent on Gizmodo or Deadspin to get their fix today (I hope not, at least).
In short, I think decisions like this will be a good catalyst for adept, interested writers and publishers alike to forge better opportunities. The future of media has its promise in the dreadful decisions that corporations are making under the influence of late-stage capitalism. Isn't it a joy?