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Liberal publication ThinkProgress will shut down after being unable to find a buyer


ThinkProgress was looking for a buyer for months

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The leadership of the liberal publication ThinkProgress has alerted staff that it will be shutting down.

What's the background?

On July 1, ThinkProgress's parent company, the think tank Center for American Progress (CAP), announced that it would be trying to sell off the publication. CAP, which serves as the left's version of the Heritage Foundation, started ThinkProgress 14 years ago. ThinkProgress has been losing money for years.

"We will only entertain serious proposals from publishers and organizations who are genuinely interested in investing in ThinkProgress and supporting its mission," CAP Action executive director Navin Nayak told the Daily Beast in July.

What happened now?

"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," Nayak told staff, according to the Daily Beast. "Conversations on how to do so are just beginning, but we will seek to reinvent it as a different platform for progressive change."

The website will now be used to host analysis from CAP's policy experts.

Some ThinkProgress staffers were hired by CAP, while others had already found other jobs before the announcement was made. About a dozen or so remaining employees of the website will end up losing their jobs, although CAP would offer them a severance package that would compensate them until November, and continue to offer them health insurance until the end of 2019.

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