The Messenger in Financial Crisis, Conservative Group Offers $30M for Majority Stake

Despite financial struggles and layoffs, the news site denies closure rumors and states it has secured more funding.

The Messenger news site, founded by Jimmy Finkelstein, is in financial trouble, having burned through $38 million in 2023 while generating only $3 million in revenue.
A conservative investment group, including Omeed Malik, Garrett Ventry, Ryan Coyne, and George Farmer, has offered $30 million for a 51% stake in The Messenger, based on a $60 million valuation.
The potential investors have stated they have no intention of shifting The Messenger's centrist editorial stance, despite their conservative backgrounds.
The Messenger recently laid off 20 staff members and is seeking to raise $20 million in funding to stay afloat.
The news site has rejected reports that it is planning to close, stating it has secured more funding.