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News Site The Messenger Denies as Absurd That It s Out of Money and Could Shut Down

The site, which is owned by Jimmy Finkelstein, said Tuesday it was laying off two dozen staffers and raising more cash.

Max taniMark pennVictor ganziJames tischRichard beckmanJosh harrisJimmy finkelsteinThomas peterffyStagwell groupInteractive brokers

The Messenger s board weighed shutting it down over cash shortfalls: sources

At the time of a recent meeting, the online outlet only had enough money to last several more weeks, sources told Semafor.

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The Messenger Founder Jimmy Finkelstein Seeks $20 Million in New Backing to Keep Foundering News Site Alive | Report

The digital news publication is facing layoffs this week

United statesJames tischThomas peterffyJimmy finkelsteinVictor ganziJosh harrisMark pennRichard beckmanStagwell groupInternational media investmentsPresident richard beckmanInteractive brokersAbu dhabi basedAgrid news

The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits

The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.

United statesNew yorkRichard beckmanJimmy finkelsteinJosh harrisKimberly bernhardtGregg birnbaumHollywood reporterApollo global managementWest palm beachJournalism journalist news mediaVenture capitalLayoffs furloughsPrivate equityUs politicsMass media

The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits

The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits
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