Monday, July 1, 2019

ThinkProgress is for sale

Will Bryan Goldberg buy it???

The Daily Beast has the scoop:

This paragraph caught my eye:
But the site, which is editorially independent from CAP, has struggled in recent years as advertising revenues have dried up and traffic has dipped. According to internal documents previously reviewed by The Daily Beast, the site was facing a $3 million gulf between revenues and expenses in 2019, with $350,000 of it made up by a shortfall in ad revenue and nearly $180,000 of it coming from a drop in expected online contributions. 
What's the breakdown of ThinkProgress's budget, anyway?  Like, what are the salaries of the ThinkProgress writers?  And what are the other expenses?  And how much revenue does the site actually generate?  I guess I'll have to read the other Daily Beast article to understand that better. 

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