I understand editorial independence to mean that we make decisions based on what's best for HN and its community, not YC's immediate business interests.
I qualified that with "immediate" because an independent HN focused on intellectual curiosity is what's best for YC's business. That's the global optimum. It would be foolish to trade it away for any local one (e.g. handling a particular YC-related story differently). What makes HN valuable to YC is optimizing its value to the community. Everyone at YC knows that.
The main benefit of today's announcement is if it helps us make that clearer to others. Understandably, people sometimes take it for granted that since HN is owned by an investment business, it must directly serve that business. Those concerns won't go away, but it will be nice to be able to point to the org structure and say that's why it's set up that way.