How to Burn Cash and Alienate People: Behind The Messenger’s Implosion. The shuttered site The Messenger, run by Jimmy Finkelstein and Richard Beckman, spent $50 million in less than a year ...

As of last year, The Messenger was projecting just $75 million in revenue in 2024, according to the two people with knowledge of the company’s finances. About $10 million of that projection is ...

Executives at The Messenger, a news start-up, had big ambitions in the months leading up to its public debut. They said they would begin with 175 journalists covering entertainment and politics ...

The Messenger is the brainchild of former Hollywood Reporter part owner Jimmy Finkelstein, ... “It feels like People magazine,” the source said, citing Wakeford’s soft touch.

The Messenger, the upstart digital news outlet that hired hundreds of journalists and vowed to upend the industry as a centrist publication, will shut down less than a year after its high-profile ...

Staffers at the struggling media start-up are pushing to unionize as they deal with a slew of new woes, from money issues to an AI collab that left them “blindsided.” ...