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The Messenger

All articles tagged with #the messenger

business1 year ago

"The Messenger's Demise: Staffers Torch Owner Over Implosion and Cruel Layoffs"

Former employees of The Messenger, a failed media startup, have criticized owner Jimmy Finkelstein for his handling of the company's closure, calling him a "sociopath" and accusing him of deliberate cruelty. They claim Finkelstein left hundreds of employees without severance pay or health insurance and failed to communicate effectively. Editor-in-chief Dan Wakeford has also faced criticism for his lack of robust communication with the newsroom. The company's demise is attributed to overpromising and underdelivering, as well as a flawed business and editorial strategy. Staffers are now calling for Finkelstein to pay severance from his own pockets.

via The Daily Beast|
#business#closure#jimmy-finkelstein
business1 year ago

"The Messenger: A Troubled Legacy of Layoffs, Lawsuits, and Closure"

The Messenger, a news publication founded by Jimmy Finkelstein, abruptly shut down, leaving its 300 employees without severance and prompting a class action lawsuit. Critics accuse Finkelstein of making unrealistic promises and failing to deliver, while others argue that the news industry's contraction wasn't the direct cause of The Messenger's demise. The publication's failure highlights the challenges of entering a crowded market and the need for a more comprehensive analysis of its collapse.

via POLITICO|
#business#business-failure#jimmy-finkelstein
business-legal1 year ago

Former Messenger Employees File Class-Action Lawsuit Over Abrupt Closure

The Messenger, a digital news startup, is facing a class-action lawsuit from its 300 ex-employees who were terminated without notice, seeking up to 60 days in unpaid wages, accrued vacation time, healthcare insurance coverage, and other benefits. The lawsuit alleges that the company violated federal and New York state laws by not providing advanced written notice of the layoffs. The Messenger's founder and CEO, Jimmy Finkelstein, blamed economic challenges for the company's immediate shutdown.

via Variety|
#business-legal#class-action#employees
business1 year ago

"Class-Action Lawsuit Filed Against The Messenger for Sudden Closure and Mass Layoffs"

The Messenger, a news startup, is being sued by former employees for allegedly failing to provide proper notice of mass layoffs, in violation of New York's Worker Adjustment and Retraining Notification Act. The lawsuit seeks to represent over 300 ex-workers and recover up to 60 days in unpaid wages and benefits. The company claims it was unsuccessful in raising capital to continue operations and therefore sent less than 90 days notice, but ex-employees argue that the layoffs were a foreseeable result of the company's financial situation.

via Hollywood Reporter|
#business#jimmy-finkelstein#lawsuit
business-legal1 year ago

Messenger Meltdown: From Class Action Suit to Closure

The Messenger, a digital news site, abruptly shut down and fired all remaining staff, prompting a proposed class action suit against owner Jimmy Finkelstein for violating the WARN Act by terminating 300 employees without notice, severance, or healthcare. The startup, which launched with high ambitions, faced economic challenges and lost about $38 million after a $50 million funding round. This closure adds to the trend of media outlets undergoing severe layoffs amid industry upheaval, with former employees expressing shock at the sudden shutdown and lack of support.

via Deadline|
#business-legal#class-action-suit#jimmy-finkelstein
business1 year ago

"The Messenger: A Short-Lived News Startup's Demise"

Los Angeles Times owner Patrick Soon-Shiong engaged in last-minute discussions to buy The Messenger from founder Jimmy Finkelstein, following the L.A. Times' recent layoffs. Soon-Shiong reportedly made a "lowball" offer, which ultimately fell through, and The Messenger was subsequently shut down with 300 employees let go. The talks were described as a desperate attempt by Finkelstein to save the struggling publication, while the L.A. Times is also facing economic challenges and leadership changes.

via Hollywood Reporter|
#acquisition-talks#business#jimmy-finkelstein
media-industry1 year ago

"The Messenger: A Short-Lived Digital News Venture"

The Messenger, a digital news outlet, is shutting down less than a year after its launch, despite hiring hundreds of journalists and aiming to reach 100 million readers monthly. The collapse comes amid widespread layoffs in the media industry, with the outlet's strategy of generating internet traffic from social media platforms and search engines facing challenges. The company's founder, Jimmy Finkelstein, cited economic headwinds and the inability to raise sufficient capital as reasons for the closure, leaving staff devastated and without severance.

via CNN|
#digital-news#industry-challenges#layoffs
business1 year ago

"The Messenger: A Startup's Abrupt Demise Leaves Staff in the Dark"

The Messenger, a troubled digital media startup, abruptly shut down, leaving nearly 300 employees jobless. Owner Jimmy Finkelstein announced the closure via email, leaving many employees unaware until news outlets reported it. The company faced financial challenges and failed to secure enough funding to survive. Employees expressed frustration over the lack of communication and the absence of severance packages. The site's tumultuous nine-month run was marked by clashes with management, reliance on clickbait, and a failed business model.

via The Daily Beast|
#business#digital-media#jimmy-finkelstein
business-media1 year ago

"The Messenger: A Short-Lived News Startup Shuts Down Amid Industry Layoffs"

The Messenger, a media startup launched by former owner of The Hill, Jimmy Finkelstein, is shutting down due to insurmountable financial difficulties, leaving staff jobless. The closure comes after months of financial woes and is the latest in a series of layoffs and cutbacks in the media industry, attributed to economic headwinds.

via POLITICO|
#business-media#financial-difficulties#jimmy-finkelstein
businessstartup1 year ago

"The Messenger: A Short-Lived Startup Shuts Down"

The Messenger, a startup digital news website launched in May, is shutting down due to financial difficulties, leaving employees without severance and health coverage. The outlet, which promised non-partisan news coverage, failed to secure sufficient capital to reach profitability. The decision comes after reports of potential shutdown and failed attempts to secure new revenue. The closure adds to a string of recent media layoffs, including those at The Los Angeles Times, Forbes, Time, Sports Illustrated, Tech Crunch, NBC News, and Business Insider.

via NBC News|
#businessstartup#digital-news#layoffs
business1 year ago

"The Messenger: A Short-Lived News Startup Shuts Down, Letting Go of 300 Staffers"

The Messenger, a media start-up, is shutting down just eight months after its launch, resulting in the layoff of approximately 300 staffers. The decision was made after the board met to discuss the site's fate, and owner Jimmy Finkelstein expressed deep regret over the closure despite efforts to raise capital. The company aimed to deliver balanced journalism but faced significant challenges in the current media landscape, ultimately succumbing to economic headwinds.

via Hollywood Reporter|
#business#layoffs#media-industry
business-media1 year ago

"The Messenger: A Short-Lived News Startup's Sudden Closure"

The Messenger, a news startup, faced financial troubles and ultimately shut down after struggling to generate enough revenue from advertising and failing to launch its events and digital video businesses. The company's costly plan to build a massive newsroom quickly backfired, leading to layoffs and voluntary departures as it attempted to cut costs. The founder openly discussed the company's financial challenges with staff, revealing the need to raise $15-20 million within two weeks. Despite efforts to raise money, leaks and uncertainty about the company's future damaged advertising efforts, ultimately leading to its closure.

via Semafor|
#business-media#digital-media#financial-troubles
business1 year ago

"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.

via The New York Times|
#business#journalism#media-startup
gaming2 years ago

"Sea of Stars Dev Considers Revisiting Ninja Hit 'The Messenger'"

Developer Sabotage Studio, known for their upcoming RPG Sea of Stars, expressed openness to revisiting their 2D platformer The Messenger in the future. The two games are connected within the same universe, with The Messenger taking place on top of a mountain in a post-apocalyptic chapter. One of the islands in Sea of Stars is said to be the same as the one in The Messenger.

via Nintendo Life|
#gaming#nintendo-switch#rpg