The Messenger fighting to avoid shutdown as CEO scrambles to secure funding: sources
NY Post
Embattled news startup The Messenger is fighting for its life as co-founder and CEO Jimmy Finkelstein scrambles to secure funding this week to keep it afloat.
Bracing for the worst, employees are expected to learn their fate in the next 48 hours, according to insiders with knowledge.
“Hopes are not high in the newsroom,” said an insider. “It’s f-ing bananas.”
A well-placed source said Finkelstein is working to ink “multiple deals” that need to come through “ASAP” in order for the company to not shutter by week’s end.
A rep for The Messenger declined to comment.
Earlier this month, a group of conservative media and business executives led by Omeed Malik, a financier who backed Tucker Carlson’s new media venture, had proposed $30 million for a 51% stake in the news site, putting its valuation at $60 million.
