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The Intercept is running out of cash

Posted on AllSides April 15th, 2024
From The Left

The Intercept, the left-wing U.S. newsroom that’s been a thorn in Joe Biden’s side and a hub for pro-Palestinian coverage, is nearly out of money and facing its own bitter civil war, with multiple feuding factions battling for power and two star journalists trying to take control.

At the heart of the crisis is a nonprofit whose founding donor, Pierre Omidyar, decided in late 2022 to end his support for the organization. Now spun off from Omidyar’s First Look Media, The Intercept is losing roughly $300,000 a month, is on...

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https://www.semafor.com/article/04/14/2024/the-intercept-is-running-out-of-cash

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