former part-owner of The Hollywood Reporter and The Hill, told The New York Times earlier this month that it planned to launch the politics/business/entertainment/sports news site in May with a minimum of 175 journalists stationed in New York, Washington and Los Angeles, and aspirations to have about 550 journalists in place within a year.
And to makes that lofty ambition doable, he had amassed $50 million in investor money.But media insiders told the New York Post in a report published Sunday that $50 million won’t be enough to launch a news site that will be able to reach the goal of 100 million monthly viewers.
That benchmark was put forward by The Messenger’s No. 2 exec Richard Beckman, former president of The Hill, with a spokesperson saying that they are confident they can reach that goal by the end of 2024 along with $100 million in revenue through “a mix of direct advertising, programmatic and sponsorship revenue across multiple platforms.”It’s a goal that one insider described as “delusional” to The Post. “It’s wishful thinking,” the exec said. “They are a few ghosts from the past.
If they were a public company, I wouldn’t invest in them.”Another media critic snarked at the 74-year-old Finkelstein’s comments to the New York Times where he reminisced about the times when he and his family would “all watch ’60 Minutes’ together” and wait for the next issue of Vanity Fair. “Those days are over, and the fact is, I want to help bring those days back,” Finklestein said.“Whenever a new website references an old magazine and TV show, you know they are not looking towards tomorrow,” the critic told the NY Post.While The Messenger also has its top editors in place, it didn’t get everyone from their wishlist.Read more on thewrap.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
©2023. All rights reserved.