Om Malik bows before the great Arrington

Mike Arrington warned on Twitter that the New York Times was playing with fire after David Carr wrote a column castigating him for running a venture fund while acting as editor in chief of TechCrunch.

"The saddest part about the NYT drama is that I hold the nuclear card. They know it, and they know I won't use it. Unless I do.'

Today on stage he played that card, pointing out that the NY Times is an investor in True Ventures, which backs GigaOm, the tech blog founded by True Ventures partner Om Malik.

Last week Mr. Arrington issued this sly tweet: "I look forward to co-investing with the NYTimes" and linking to this page, where the NY Times discloses its investments and acquisition.

In its extensive coverage of the Crunchfund story and GigaOm's potential conflicts with True Ventures last week, the NY Times made no mention of its own investment in True.

The NY Times technology section also syndicates content from GigaOm with no special disclosure about the connection between the two companies.

Betabeat has reached out to the NY Times and Om Malik for comment.