We couldn't believe our ears this morning when we heard that editor-in-chief and CEO of Chitown Daily News, Geoff Dougherty, laid off his staff of five yesterday afternoon, effective immediately. We (and the rest of the Twitterverse) thought that meant the end of the website, which has been responsible for several important local stories lately. In actuality, the site, which was started with a Knight Foundation grant, is merely headed to the for-profit realm. In a statement posted today, Dougherty said: more ›