"The Messenger: A Short-Lived News Startup Closes Its Doors"
The Messenger, a news website that aimed to revolutionize the media industry, is set to close less than a year after its launch, making it one of the biggest failures in online news history. Despite ambitious plans to hire hundreds of journalists and generate $50 million in revenue, the startup's collapse represents a significant setback for the news industry, which has been grappling with ongoing cutbacks. The company's founder, Jimmy Finkelstein, had envisioned The Messenger as a nonpartisan voice in American news, but the venture, backed by $50 million in investments, ultimately fell short of its lofty goals.