And so it is done: Ad Age's Nat Ives is reporting that Andy Pemberton has resigned — not be fired, notably — as Spin's editor-in-chief. The theory all along had been that he was holding out to get fired, so he could collect some sort of severance — perhaps even the balance of his contract. So what does resignation mean? Does he get nothing? Did they give him some cash to walk away? Theories — whether informed or merely idle speculation — welcomed.

Earlier: Gawker's coverage of Andy Pemberton.

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