WEST PALM BEACH, Fla. — The Messenger, an ambitious online news site that billed itself as a nonpartisan digital outlet and spent some $50 million ratcheting up its business effort, abruptly shut down Wednesday after only eight months in operation. Get a curated selection of 10 of our best stories in your inbox every weekend. Planned cuts also have sparked walkouts by employees at other venues, including the New York Daily News and Forbes magazine. The Messenger was launched last May and spent heavily — some would say excessively, given the current media climate — in hopes of becoming a media heavyweight. Critics said Finkelstein was relying on an outdated business model that relied on social media distribution and searches to attract eyeballs.

Source: Forbes February 01, 2024 02:40 UTC