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The Water Cooler
See other The Water Cooler Articles

Title: Unable to find a buyer, Think Progress shuts down
Source: HotAir
URL Source: https://hotair.com/archives/john-s-2/2019/09/06/think-progress-shut/
Published: Sep 6, 2019
Author: John Sexton
Post Date: 2019-09-06 17:32:16 by Tooconservative
Keywords: None
Views: 53
Comments: 4

Think Progress is no more. It has ceased to be. It has expired and gone to meet its maker. It is bereft of life. The Daily Beast reports the good news:
The outlet, which served as an editorially independent project of the Democratic Party think tank Center for American Progress, will stop current operations on Friday and be converted into a site where CAP scholars can post. Top officials at CAP had been searching for a buyer to take over ThinkProgress, which has run deficits for years, and according to sources there were potentially three serious buyers in the mix recently. But in a statement to staff, Navin Nayak, the executive director of the Center for American Progress Action Fund, said the site was ultimately unable to secure a patron.

A dozen ThinkProgress employees will be losing their jobs, a CAP aide said, as many who were on staff had already gone to work elsewhere and some were incorporated into the larger CAP infrastructure.

None of this comes as a surprise. Back in June, the Daily Beast reported the site was in trouble after years of running deficits. The site was running $3 million short in 2019 and employees were being counseled to find other jobs before it collapsed completely.

In July the Daily Beast reported the site was up for sale. Apparently there were as many as 20 buyers under consideration at one point but nothing ever panned out. Whoever would have bought the site was looking at an unending string of red ink. As the DB put it, “ThinkProgress has never been profitable.”

As I said back in June, I had some experiences with Think Progress years ago that convinced me it was not a site that cared terribly much about the accuracy of what it published. So I won’t be missing them. But it seems there’s still a huge market out there for left-wing content of this type. As the Daily Beast points out, TP alumni are now running campaigns and a host of other progressive sites:
A testament to its success is found in the list of prominent alumni currently working in politics and journalism. That list includes Faiz Shakir, who now serves as Sen. Bernie Sanders’ campaign manager; Amanda Terkel, the D.C. bureau chief of the Huffington Post; Nico Pitney, the political director at NowThis; Alex Seitz-Wald, a top campaign reporter for NBC News; Ali Gharib, a senior news editor at The Intercept; and Matt Yglesias, one of the founding members of Vox.

So, yeah, thanks for all of that, I guess. Erick Erickson suggests the problem was too much competition from the mainstream for progressive eyeballs:
Too much competition from the mainstream media for an anti-Trump fueled progressive site to keep up their schtick. I’m sure they’ll all get jobs in mainstream networks now. https://t.co/5D9V62em9B

— Erick Erickson (@EWErickson) September 6, 2019

He may have a point but I don’t think that’s all of it. There was certainly a time, more than a decade ago now, when the name “Think Progress” may have been seen as a home for a certain brand of wonky, young progressives who were considered hot stuff at the time. But let’s face it, thinking isn’t nearly as hip as it once was on the far left. Now it’s more about emoting and resistance and canceling enemies. Sites like Now This and Upworthy seem designed to cater to these newer progressives who need emotional content more than they need that “one chart” that explains everything.

I can’t quite bring myself to celebrate anyone losing a job in this business, but let’s face it there are plenty of other progressive sites out there, not to mention all of the supposedly neutral sites that are unofficially progressive. Most of these people will probably just be hired by someone else. But I will say good riddance to Think Progress. I won’t miss it even a little. The three potential buyers who managed to avoid getting saddled with this money-losing turd should be celebrating their good fortune.


Poster Comment:

I only hope they can #LearnToCode, the advice they freely offered to all the unemployed workers across America during the 2009 crisis. Now if anyone hurls that at a journalist, they get banned from Twitter as a hatemonger. Of course, it's only hate if it offends the Special People of the Protected Class. They can aim similar barbs at the rest of the country and just give themselves industry awards for great writing and great advice to the unwashed masses.


You Will Be Made to... Learn to Code

—Ace of Spades
BREAKING — The influential progressive news site ThinkProgess is being shut down today. Twelve remaining staffers are losing their jobs https://t.co/qhpDBh5Yol— Sam Stein (@samstein) September 6, 2019

Think Progress had previously been funded by the leftwing funding/agitation group Center for American Progress, who cut them off.

I wonder who funds Center for American Progress.

Oh, right: Names you'd expect, like George Soros, and...Walmart is a major contributor too.

Well whaddaya know.

Corporations are your friends, Stupid Deplorables. DO MOAR FOR YOUR CORPORATE FRIENDS.

And this is fun -- remember when Think Progress Unionized?

Oh yeah:
Sending the @vox_union love and positive energy from our offices in DC! Keep up the good fight ✊✊✊✊✊ pic.twitter.com/lQpCG4g2jg— ThinkProgress Union (@TP_Union) June 6, 2019

A writer at Vox admitted that Vox itself is now worth far less than it was capitalized at originally, so I bet they sympathize.

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#1. To: Tooconservative (#0)

Communism

Was a capiTalisT conspiracy

To desTroy The compeTiTion

JusT like democracy now

Love
boris

If you ... don't use exclamation points --- you should't be typeing ! Commas - semicolons - question marks are for girlie boys !

BorisY  posted on  2019-09-06   17:50:19 ET  Reply   Trace   Private Reply  


#2. To: All (#0)

Hey, put on those dancing shoes, it's time to dance on Think Progress's grave!

For years and years the Right has followed the Breitbart dream, hoping to end these Lefty mouthpieces, funded by tycoons. Now we score a major scalp and no one even notices.

The truth inside the industry is that a bunch of these operations were set up and lavishly funded to the tune of hundreds of millions of dollars. They leased fancy offices in skyscrapers, limos for everyone, security staff, junkets, conferences at luxury resorts, etc. So they blew through all that money.

Recall the fun with #LearnToCode and the big Buzzfeed layoffs? Such fun.

Tooconservative  posted on  2019-09-07   8:41:15 ET  Reply   Trace   Private Reply  


#3. To: Tooconservative (#0)

I wish they could have remained open so they could continue to lose money for CAP.

Air America lost $50 million in three years. Wish they could remained open also.

misterwhite  posted on  2019-09-07   9:41:11 ET  Reply   Trace   Private Reply  


#4. To: misterwhite (#3)

I wish they could have remained open so they could continue to lose money for CAP.

But then they'd never have a chance to be rejected (again) for their dream job at the New Yorker or the all-holy Atlantic.

I want them to have the chance to fly high and get shot down by the Atlantic. Over and over.

Tooconservative  posted on  2019-09-07   10:06:34 ET  Reply   Trace   Private Reply  


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