Jimmy Finkelstein’s The Messenger Is Shutting Down

Troubled digital media startup The Messenger will shut down operations less than a year after its much-ballyhooed launch, suddenly leaving nearly 300 employees out of a job, a source with knowledge told The Daily Beast.

The New York Times was first to report the news on Wednesday.

The shuttering of the “centrist” nonpartisan news outlet comes after owner Jimmy Finkelstein spent the past few weeks hustling for cash to keep the site up and running. The push for more funds and investors followed the revelations earlier this month that The Messenger had only “weeks” to live and was down to its last $1.8 million.

Read more at The Daily Beast.