The Messenger, a digital news outlet that entered the scene with much fanfare, announced its closure on Wednesday, less than a year after its grand debut. Founded by media entrepreneur Jimmy Finkelstein, the outlet aimed to disrupt the industry as a centrist publication but ultimately faced insurmountable challenges.
Staff members were informed of the shutdown by The New York Times, which broke the news. In a memo to employees, Finkelstein expressed regret over the decision, citing the inability to secure sufficient capital despite exhaustive efforts.
The closure of The Messenger adds to a series of media industry setbacks, with numerous organizations grappling with layoffs and financial strain. The outlet had ambitious goals, intending to hire hundreds of journalists and attract a massive readership. However, internal challenges, including concerns about content quality and financial viability, undermined its prospects.
The outlet’s struggles became apparent in the fall, with reports emerging of financial difficulties and staff layoffs. Despite efforts to raise capital, including discussions with potential investors, The Messenger ultimately could not overcome its challenges.
The news of the closure elicited mixed reactions from staffers, with some expressing disappointment and others highlighting the abruptness of the announcement and its impact on employees.
