ThinkProgress, an astroturfed entity largely funded through a top Democrat Party think-tank, is struggling to maintain profitability and retain its employees as the market share for their fake news is drying up.
The Daily Beast obtained financial records showing that the progressive propaganda site is expecting to post a $3 million gap between revenue and expenses in 2019. They noted that the website has never exactly been a moneymaker, but it is now more unprofitable than ever before.
The John Podesta-founded Center for American Progress, which has funded ThinkProgress as its propaganda organ despite the fact it has never been much of a revenue generator throughout the years, may have to re-think their investment as it hemorrhages money.
“Unfortunately, ThinkProgress has had a large and growing budget gap for going on two years now,” said Navin Nayak, who works as the executive director of the Center for American Progress Action Fund.
“Like most media organizations, ThinkProgress has relied on advertising revenue as a major source of funding, increasingly subject to the behavior of social-media platforms and their decisions on news distribution. As with many other digital media organizations, 2017 and 2018 were particularly challenging years in this regard, as ThinkProgress experienced a 40 percent drop in ad revenue over just one year, creating an inevitable budgetary strain,” Nayak added.
Advertising revenue is expected to fall $350,000 short of initial estimates for the year while online contributions are expected to undershoot predictions by approximately $180,000. They are expecting a mere $64,000 in grant revenue, which is $60,000 under original estimates and a shocking $540,000 short of their 2018 figures.
Staffers, such as managing editor Tara Culp-Ressler and four of her colleagues, have already left the organization as the writing is on the wall that ThinkProgress is a sinking ship.
The rest of the writers are not happy, as evidenced by a letter addressed to editor-in-chief Jodi Enda by the ThinkProgress writers’ union last month.
“[M]orale is low across the team as we wrestle with lost trust and an unclear vision,” the letter read. “After careful consideration over how best to address our shared concerns, we write to you today with the hope that we can reignite the passion that brought us all here and work together to build a promising new future for ThinkProgress.”
But as downsizing and other cost-cutting measures become inevitable due to ThinkProgress becoming so insignificant and unlucrative, morale is never likely to improve.
“As these challenges emerged, CAP Action Fund has been transparent with ThinkProgress staff, including implementing and explaining the need for a hiring freeze early in 2018 and providing managers and the union a full account of the financial pressures facing ThinkProgress in the fall of 2018,” Nayak said.
“Indeed, in fall of 2018, we shared with the ThinkProgress union that the situation was so concerning that actions of some kind would be needed. The budget situation has only grown worse since,” he added.
It looks to only be a better of time before ThinkProgress shuts its doors, as digital media outlets known for publishing liberal propaganda struggle to remain afloat in a competitive online marketplace.
Bypass Tech Censorship!
Facebook, Twitter and Google are actively restricting conservative content through biased algorithms. Silicon Valley doesn't want you to read our articles. Bypass the censorship, sign up for our newsletter now!
Join the conversation!
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. Thank you for partnering with us to maintain fruitful conversation.
Liberal Media Freaks Out as Tom Cotton Questions Coronavirus Origins
Mainstream media seems more concerned with Cotton’s questions than China’s censorship.
Mainstream media entities are claiming Republican Senator Tom Cotton is trafficking in “conspiracy theories” for questioning the source of the coronavirus’ origins.
Cotton has questioned the official narrative stating that the deadly coronavirus outbreak originated in a wet food market in Wuhan, China. He’s suggested that it’s possible the disease originated in a Chinese government “superlab” a few miles away that conducts research in human infectious diseases.
Cotton has pointed out that the Chinese government is consistently declining offers of scientific and medical aid to combat the lethal epidemic, raising suspicions as to their transparency.
Such a suggestion is enough to label Cotton a “conspiracy theorist” in the eyes of outlets such as Slate and the New York Times. A headline from the Times called Cotton’s question a “fringe theory,” even though Cotton references epidemiologists who believe the virus didn’t originally enter human transmission at the food market. The Washington Post also ran a story Monday claiming that Cotton is trafficking in conspiracy theories.
It’s remarkable that nominally respectable media entities such as the New York Times are quick to dismiss entirely plausible theories of the coronavirus’s origins. If anything, an official narrative on the virus’s origins from the authoritarian communist government of China should be treated with inherent skepticism, especially considering that China is widely suspected of covering up the gravity of the situation and even arresting reporters who seek to document the epidemic and the government’s response.
Certainly it’s possible that the disease spread into humans from the consumption of animals such as bats, a prevailing theory for the virus’s origins. But the general public has no reason to entirely discount any plausible theory for the origins of the virus.
News4 days ago
Bernie Sanders 2020 ‘Win’ in NH Netted a LOSS OF 80,000 VOTES from 2016
News4 days ago
Virginia State Police are Silent About Door-to-Door Enforcement of Suppressor Ban
Violent Left3 days ago
New Mexico Bureaucrat Arrested for Vandalizing State GOP Headquarters
Violent Left4 days ago
New Hampshire Thug Arrested After Assaulting ‘MAGA’ Hat-Wearing 15-Year Old at Polling Site
Tech3 days ago
More Censorship: Controversial Right-Wing YouTuber Nick Fuentes is Booted From Platform, Even Ben Shapiro Says It’s Too Far
News3 days ago
MS-13 Thug Gets Life Sentence in Virginia for Rape and Abduction
Deep State3 days ago
Bill Barr Pushes Back Against Trump, Criticizes President’s Comments on Stone, Drops Case Against McCabe
Culture3 days ago
How Vulture Capitalists Use Their Ill-Gotten Gains to Push Transgenderism Onto Children
Violent Left4 days ago
Wife of ‘Proud Boys’ Member Imprisoned for Self-Defense Pleads for Help for Their Three Children
The Swamp2 days ago
SWAMP: FBI Press Officer Accepted Baseball Tickets From CNN Reporter
News4 days ago
GUILTY: Creepy Porn Lawyer Michael Avenatti Convicted in Extortion Trial
Politics4 days ago
MIT Warns That Voting App Used in Several States is Vulnerable for Hackers to ‘Alter, Stop or Expose’ Votes