The Briefing Room
General Category => National/Breaking News => Topic started by: Sanguine on June 10, 2019, 05:05:58 pm
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The outlet has lost five staffers in 2019 and is looking at a $3 million gap between revenue and expenses.
Updated 06.10.19 9:32AM ET / Published 06.10.19 5:26AM ET
ThinkProgress, the website that is a project of the Democratic Party’s primary think tank, is facing dire financial troubles and bleeding staff, according to primary-source documents viewed by The Daily Beast.
A budget document provided to ThinkProgress management and obtained by The Daily Beast showed that the website was expecting a roughly $3 million gulf between revenue and expenses for 2019. ThinkProgress has never been a revenue generator, and has often made up for its deficits through fundraising efforts and funds from its mothership entity, the Center for American Progress (CAP). But the current outlook is significantly worse than ever before.
According to the document, advertising revenue is projected to fall $350,000 short of what was budgeted this year, and online contributions are expected to fall short by nearly $180,000. The site is projected to have about $64,000 in grant revenue (money derived from donations to CAP and meant for coverage by ThinkProgress) in 2019. That’s roughly $60,000 short of what it had budgeted for the year and roughly $540,000 less than it received in 2018.....
https://www.thedailybeast.com/thinkprogress-one-of-the-top-progressive-news-sites-is-in-dire-financial-straits (https://www.thedailybeast.com/thinkprogress-one-of-the-top-progressive-news-sites-is-in-dire-financial-straits)
Too bad, so sad.
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How about the dramatic language?
A budget "gulf?"
Is that where "red ink" flows?
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Call Soros. He his lousy with socialist cash.
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8888crybaby