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.
Reuters Calls Louisville Riots Where Cops Were Shot by Black Lives Matter Terrorists ‘Mostly Peaceful’
After cops were shot in Louisville during widespread Black Lives Matter rioting on Wednesday night, Reuters had the audacity to claim that the demonstrations were “mostly peaceful.”
Demonstrations in Louisville wore on past nightfall in defiance of a 9 p.m. curfew and remained mostly peaceful until several gunshots rang out in the midst of a skirmish between protesters and heavily armed police https://t.co/lvEd2XalpJ pic.twitter.com/L8GrPNrwCg
— Reuters (@Reuters) September 24, 2020
In the Reuters article linked in the tweet, the shooting of the police officers was buried in the article. Instead, editors focused on the race of the cops who returned fire to Breonna Taylor’s boyfriend after he shot at them while they were carrying out a lawful warrant at his home.
“Two white policemen who fired into the apartment of Breonna Taylor, a Black medical worker, will not be prosecuted for her death because their use of force was justified, and a third was charged with endangering her neighbors, Kentucky’s attorney general said on Wednesday,” they wrote.
Reuters buried the lead, opting to demonize the “heavily armed police” who sent the “crowd scurrying for cover,” even though it was the Black Lives Matter/ANTIFA terrorists who shot the law enforcement officers.
Big League Politics reported on the decision by Kentucky officials to charge one of the three officers involved in the shooting death of Taylor:
On September 23, 2020, Jefferson County Judge Annie O’Connell announced that fired detective Brett Hankinson will be indicted on three counts of wanton endangerment for his actions on the night of Breonna Taylor’s death.
Hankison had previously admitted to shooting blindly. Some of those shots were fired into neighboring apartments not into Breonna Taylor’s where her boyfriend had opened fire onto police.
Myles Cosgrove and Jonathan Mattingly, the other two officers involved in a serving a search warrant on the night that Taylor was killed, did not receive any charges.
The city of Louisville was placed under a state of emergency on September 22, when city officials shutdown a significant portion of the city perimeter to traffic. The majority of administrative building and other businesses were boarded up prior to the decision. Louisville has been rocked by riots related to Taylor’s death in March. These riots have been occurring for over 100 days and have resulted in a number of deaths and heated confrontations with law enforcement.
Starting on the night of September 23, there will be a 72-hour curfew in Louisville. The curfew will not apply to people partaking in essential travel, which includes work-related purposes or medical attention. Kentucky National Guard members will be deployed to the city for the purpose of maintaining public order…
Conservatives and nationalists should make it a point to promote healthy debate, while establishing a baseline of public security, to ensure that the country does not spiral further out of control in such times of instability.
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