A Day Of Mourning For The Left

[Rightguide]

Left-Wing Outlet Hurtles Toward Bankruptcy Following Megadonor’s Retreat: REPORT​

JASON COHENCONTRIBUTOR
April 15, 20249:50 AM ET


The Intercept is losing money amid left-wing megadonor Pierre Omidyar’s choice to stop providing funds to the outlet, Semafor reported on Sunday.

The Intercept is hemorrhaging around $300,000 monthly and is on pace to possess less than 1 million dollars in reserves by November, according to internal data distributed inside the outlet in March, Semafor reported. The outlet could potentially deplete its cash reserves entirely by May 2025 after Omidyar’s First Look Media decided to terminate its funding in late 2022.

The internal data consisted of projections of the worst possible outcome for the publication, but the outlet claims it has a “stretch revenue goal that would allow us to continue into a longer horizon,” The Intercept’s CEO Annie Chabel told Semafor.

More here: https://dailycaller.com/2024/04/15/...nkruptcy-following-megadonors-retreat-report/

I've read The Intercept from time to time to stay apprised of the spiraling decline of Democrat sanity and their intellectual integrity.

 

[ll74]

I've always found it dumb that one network's news is touting the demise of another.

Tacky.

Par histrionics for the course of a Reichy thread, though

 

[RoryN]

The Intercept

Never heard of it. Never read it.

 

[Bray123]

Losing $300K per month leaves $1m in November?

So 6 months x 300 = 1,800k + $1m, equals $2,800,000 at present. Daily Missed-caller does weird math.

 

[ll74]

I was curious about the "Semafor" which was referenced multiple times in the article.

Turns out, it was just an effort not to appear to be a lazy writer who copies another media outlet's piece almost word for word.

https://www.semafor.com/article/04/14/2024/the-intercept-is-running-out-of-cash

That is some GP/Breitbart level journalism right there Daily Caller ....
Way to aim low!