Digital News Outlet The Messenger Shuts Down

The Messenger, a digital media start-up, has failed to secure funding to save the company from bankruptcy. Its closure is attributed to severe financial challenges. The company raised $50 million at its launch and projected $100 million in revenue in 2024, hiring 200 journalists, but was unable to sustain its operations. The closure of the news outlet reflects the ongoing distress in digital news media and the unsustainability of the traffic-for-advertising business model.