ThinkProgress will become a memory of independent reporting due to the liberal website’s failure to secure a publisher.
The website “dedicated to providing our readers with rigorous reporting and analysis from a progressive perspective” since 2005 will fold into the Center for American Progress and be used as a platform for the liberal think tank’s experts.
“Given that we could find no new publisher, we have no other real option but to fold the ThinkProgress website back into CAP’s broader online presence with a focus on analysis of policy, politics, and news events through the lens of existing CAP and CAP Action staff experts,” Mr. Nayak said. “Conversations on how to do so are just beginning, but we will seek to reinvent it as a different platform for progressive change.”
A CAP aide told The Daily Beast that a dozen employees will be let go, although they will receive a severance package that runs through the end of November and health care coverage through 2019.
“Internal documents obtained by The Daily Beast showed ThinkProgress facing a $3 million delta between revenues and expenses in 2019, of which $350,000 had come via a shortfall in ad revenue,” the website reported. “ThinkProgress’ staff had ballooned to more than 40 before the number began to dwindle this year.”
Mr. Nayak said the plan for the site is to “reinvent it as a different platform for progressive change.”
“Conversations on how to [handle the transition] are just beginning,” he said.
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