Posted on 02/01/2024 11:54:57 AM PST by dynachrome
The Messenger is shutting down less than a year after the fledgling media company opened its doors with ambitions of building a leading news brand.
In a statement to staff Wednesday afternoon, founder Jimmy Finkelstein wrote that the company would close, “effective immediately,” due to insurmountable financial difficulties.
“Over the past few weeks, literally until earlier today, we exhausted every option available and have endeavored to raise sufficient capital to reach profitability,” Finkelstein wrote. “Unfortunately, we have been unable to do so, which is why we haven’t shared the news with you until now. This is truly the last thing I wanted, and I am deeply sorry.”
Staff at The Messenger reported that their Slack shut down mid-afternoon, before any formal communication had been issued from company leadership. Many took to social media to say that they found out they were losing their jobs only when The New York Times first reported the plans this afternoon.
Finkelstein, the former owner of The Hill, launched The Messenger in May with $50 million in funds and an ambitious plan for growth. He hired some big names from legacy outlets and talked of growing one of the largest newsrooms in the nation.
(Excerpt) Read more at politico.com ...
"The latest: Staff was notified of the decision about one hour after it was made.
The website was shut down shortly after the announcement."
They scrubbed all the articles from their website. Nothing there but a masthead.
The article was about GOP state legislators in Georgia who submitted new legislation to outlaw RICO prosecutions in the event of disputed elections.
In other words - making the Georgia RICO prosecution of Donald Trump against Georgia law.
LOL...
One pro-Trump story and - BOOM - they shut down the entire website!
People are rejecting fake news and the fakers are beginning to feel it.
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