February 2, 2024
The Messenger—a startup digital news website that launched in May 2023—is shutting down following reports that it was running out of money, an executive at the outlet who has been briefed on the matter told NBC News on Wednesday, January 31.
The Messenger’s website was a blank white screen with only the words, “The Messenger,” in black text with an email address by Wednesday evening. No articles, current or past, appeared there.
The Messenger launched nearly nine months ago with Jimmy Finkelstein—who previously owned The Hollywood Reporter and The Hill—at the helm. It promised to provide “thorough, objective, non-partisan, and timely news coverage” in a time of bias and misinformation.
An email that was sent to staff members signed by Finkelstein, which was seen by NBC News, said it was a “painfully hard decision” to shut down “effective immediately.”
“Over the past few weeks, literally until earlier today, we exhausted every option available and have endeavored to raise sufficient capital to reach profitability,” the email said. “Unfortunately, we have been unable to do so, which is why we haven’t shared the news with you until now.”
The email included an attached “Frequently Asked Questions” document telling employees that there would be Laid-off employees would be no severance and that the last paycheck would be on January 31. Laid-off employees also would be eligible for COBRA health coverage beginning Thursday. no severance and that the last paycheck would be on January 31.
Jordan Hoffman, a film critic at The Messenger, wrote on X that the last message he saw before he was kicked out of the company Slack account was from a colleague wondering about health insurance coverage for a coming operation.
“All I know is that, if I were to launch a media start-up, I’d be sure to rent an entire floor of a downtown Manhattan skyscraper that was 9/10ths empty all day … and then fail to tell my employees they were laid off until they read about it in The New York Times,” Hoffman wrote in another post.
Semafor reported this month that The Messenger‘s board was considering shutting down the website as the outlet was set to run out of money by the end of January. A spokesperson denied the claim to Semafor, saying additional funding had already been secured.
A day before staff members were informed that they were now without jobs, the New York Post reported that Finkelstein was working to secure deals to inject new revenue into The Messenger to keep the site going.
Research contact: @NBCNews