The startup publication blew through $50m in less than a year – money that could sustain some newsrooms for decades
The new journalism outlet began less than a year ago to considerable fanfare. Claiming it would be unbiased and indispensable, the Messenger recruited hundreds of journalists, paid its executives lavishly and confidently forecast $100m in annual revenue this year.
It would be like the good old days when the media was beloved, its founder predicted.