The Intercept, a well-known investigative journalism platform, is facing significant financial and internal challenges. Reports indicate that the organization is losing approximately $300,000 a month and is on a trajectory to deplete its funds by May 2025. Internal data from March revealed that The Intercept could have less than a million dollars in its coffers by November. Amidst this financial turmoil, a power struggle has emerged within the organization, leading to what has been described as a bitter civil war. Two of its prominent journalists, Ryan Grim and Jeremy Scahill, are reportedly attempting to take control of the platform by proposing an ownership change.
The Intercept ‘nearly out of money’ and ‘facing its own bitter civil war’: report https://t.co/VxrwpGPkSR https://t.co/VxrwpGPkSR
.@theintercept, the disgraced news site that has moved to the far-left as its moderate writers leave, is nearly out of cash, losing ~$300k a month. Their history includes one of their reporters being convicted for making bomb threats to Jewish centers. https://t.co/C2GzziuoB6
The Intercept "nearly out of money" and "facing its own bitter civil war": report https://t.co/zDyic75ERs https://t.co/zDyic75ERs
From the @semafor media newsletter: Internal projections showed The Intercept could run out of cash by later this year. The bleak outlook prompted @ryangrim and @jeremyscahill to propose an ownership change that would give them control of the Intercept https://t.co/XejWlFuMLx
“The Intercept is losing roughly $300,000 a month, is on track to have a balance of less than a million dollars by November — and could be completely out of cash by May 2025, according to data shared internally in March.” https://t.co/nwXxlx0ZBi
🟡 SCOOP: The Intercept is nearly out of money and facing a bitter civil war, with multiple feuding factions battling for power and two star journalists trying to take control, @maxwelltani reports. https://t.co/87RVlu5kPd