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While I love The Intercept, and First Look Media, its parent company, it is important to understand that this is not a typical scenario. The Intercept runs at a
by AndrewUnmuted 11y ago
While I love The Intercept, and First Look Media, its parent company, it is important to understand that this is not a typical scenario. The Intercept runs at a loss, which it is allowed to do because First Look Media's founder and president is Pierre Omidyar (eBay). He cuts checks for The Intercept when they need funding. They don't have an economically-sustainable journalism operation, which is why they are currently working on new for-profit initiatives.