ThinkProgress, an astroturfed entity largely funded through a top Democrat Party think-tank, is struggling to maintain profitability and retain its employees as the market share for their fake news is drying up.
The Daily Beast obtained financial records showing that the progressive propaganda site is expecting to post a $3 million gap between revenue and expenses in 2019. They noted that the website has never exactly been a moneymaker, but it is now more unprofitable than ever before.
The John Podesta-founded Center for American Progress, which has funded ThinkProgress as its propaganda organ despite the fact it has never been much of a revenue generator throughout the years, may have to re-think their investment as it hemorrhages money.
“Unfortunately, ThinkProgress has had a large and growing budget gap for going on two years now,” said Navin Nayak, who works as the executive director of the Center for American Progress Action Fund.
Read the full story from Big League Politics
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