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Another Media Outlet Crashes and Burns

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Posted By: Hazymac, 2/2/2024 5:50:34 PM

There's an old joke I've heard told about just about every industry in the world, but today I'll tell the version about the internet news business. "How do you make a small fortune providing news on the internet? "Start with a large fortune." That old joke has maybe never been truer than it is this week, when The Messenger news site went dark after blowing through $50 million in startup funds — and hadn't even been in business for a year. CEO and founder Jimmy Finkelstein promised investors that The Messenger's appeal to "a big, generic news audience," as Axios described it, would generate $100 million in the first year alone.

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Reply 1 - Posted by: Hazymac 2/2/2024 6:01:53 PM (No. 1649605)
The world would be a better place if 90% of the political media found themselves unemployed and encouraged, as Obama urged coal minders, to learn to code. They have comprehensively failed at their job. Finkelstein, huh? Here's Strother Martin rom a 1978 movie starring Cheech and Chong: "Your mother and me would like for you to cozy up to the Finkelstein boy. He's a bright kid and he's going to military school, and remember he was an Eagle Scout ...." BURRRP!
5 people like this.

Reply 2 - Posted by: Scribelus 2/2/2024 6:38:46 PM (No. 1649623)
What is (was) “The Messenger”. Never heard of it until today.
3 people like this.

Reply 3 - Posted by: Dreadnought 2/2/2024 6:43:29 PM (No. 1649625)
Type "messenger" into the "search" link "source" box above you'll see examples of their product.
2 people like this.

Reply 4 - Posted by: DVC 2/2/2024 7:20:55 PM (No. 1649654)
Never once even ran across the insipid name. Fools and their money.
4 people like this.

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