The Intercept Faces Financial Crisis and Editorial Turmoil

As financial woes deepen, The Intercept grapples with internal conflicts and a potential shutdown by mid-2025.

The Intercept is reportedly losing $300,000 per month and may run out of funds by May 2025.
Internal tensions rise as business decisions increasingly influence editorial independence, leading to high-profile resignations and restructuring.
Efforts to secure new funding sources are hindered by the site's overtly left-wing coverage, alienating some potential donors.
The New York Times has demanded a correction from The Intercept for mischaracterizing a quote in a fundraising email, adding to the site's challenges.
Former Los Angeles Times editor Ben Muessig has been appointed as interim editor-in-chief, a decision met with resistance from staff.