Tag: the intercept

Left-Wing Outlet Hurtles Toward Bankruptcy Following Megadonor’s Retreat: Report

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Pierre Omidyar

The Intercept is losing money amid left-wing megadonor Pierre Omidyar’s choice to stop providing funds to the outlet, Semafor reported on Sunday.

The Intercept is hemorrhaging around $300,000 monthly and is on pace to possess less than 1 million dollars in reserves by November, according to internal data distributed inside the outlet in March, Semafor reported. The outlet could potentially deplete its cash reserves entirely by May 2025 after Omidyar’s First Look Media decided to terminate its funding in late 2022.

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Greenwald Pushes Back on Claims He Left The Intercept For Money

Jordyn Pair

Glenn Greenwald is pushing back against the idea that he resigned from The Intercept as a marketing ploy, saying he gave up a huge salary, as well as a team of lawyers and a security detail for a legal fight currently ongoing in Brazil.

Greenwald, the co-founder of The Intercept who resigned on Thursday, said he gave up his job in response to censorship by the outlet’s editorial staff about a story critical of Hunter and Joe Biden. In the piece, Greenwald went after both the Biden family and the media, saying the latter refused to ask important questions and seek the truth due an affinity for the Democratic presidential candidate Joe Biden.

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Glenn Greenwald Resigns from The Intercept Over Censoring of Biden Piece

Jordyn Pair

Shortly after resigning from The Intercept on Thursday, Glenn Greenwald published the article whose censoring he said caused him to step down in the first place.

Greenwald announced on Thursday that he would be leaving The Intercept, the publication that he co-founded in 2014, due to censorship from editorial staff over a piece critical of Joe and Hunter Biden.

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