Am I the only one who sides with Arrington? I feel that TechCrunch has taken editorial ethics seriously so far, and see no reason why this shouldn't continue.
I lived with a capital J journalist for a long time and got to know a lot of his coworkers and contacts, and I was really quite surprised at the lengths those people go to maintain their journalistic integrity. They would not simply disclose conflicts of interest, they would completely avoid them. For example, a lot of them would not even vote in elections or invest in funds that could even potentially contain stock in companies that they could even possibly cover in the future (regardless of whether or not they were even working in that field!). To the individuals that subscribe to that system, Arrington's position as an editor of a tremendously powerful tech news source and an investor in tech companies is absolutely irreconcilable.
I think it's unfortunate that a lot of people really have little comprehension of what this so-called "capital J journalism" is about. In fact, it's pretty sad that someone in MG Siegler's position would even draw such a distinction. There is no such thing as capital J journalism. There's journalism, and then there's bullshit.
edited: originally I referred to Siegler as MC Siegler