The Messenger Seeks $20 Million in New Investments Amid Financial Struggles

Company denies reports of imminent shutdown, announces plans for new video product despite ongoing challenges.

The Messenger, a news start-up founded by Jimmy Finkelstein, is seeking $20 million in new investments to keep the struggling company afloat.
The company, which launched in May with $50 million, has failed to meet its hiring and viewership goals, and is not yet profitable.
President Richard Beckman announced his exit from the company, citing 'short-term health issues' and plans to retire.
The Messenger has denied reports that it would run out of money by the end of January and shut down, stating that it has already secured investment as part of a second fundraising round.
Despite the company's struggles, Finkelstein is planning to launch a new video product, 'The Messenger TV,' later this year.