Exaro going editor-free?

Exaro editor-in-chief Mark Watts, as quoted by The Guardian‘s Jasper Jackson:

It is true that Exaro is facing around a halving of its editorial budget, but how this will be carried out is not yet finalised. One element of the plan is to make the position of editor-in-chief redundant. The plan is for Exaro to have no editor.

Baffling, if true. An investigative site needs a central figure to vet and check everything – otherwise the lawyers are going to be very busy indeed, even with a team of two or three.