According to our source, the lack of an editorial budget caused Farago's departure. "RF's been getting burned out for a while, but what brought this to a head yesterday was the issue of getting pay for the writers. He pushed for it and all they offered was a pittance, not even enough to pay $10 per article at the rate we publish stuff. He pushed harder, and they refused to budge." So he quit, leaving Edward Niedermeyer in charge of TTAC. Our source continues, "Now [VerticalScope says they will] provide a decent editorial budget -- using the money they were paying [Farago]. TTAC's writers will be paid once again, but they'll use RF's former salary to cover it."
We spoke with Farago and he said the following, "I sincerely hope VerticalScope will maintain the integrity of the TTAC brand. I wish Edward Niedermeyer all the best. I will say that we've proven our point – General Motors went belly up." As for the future, Farago says he will be launching a non-automotive website, but gave no further details.
[Source: The Truth About Cars]