Financial Woes May Mean the Death of The American Prospect

The American Prospect, a left-leaning political magazine, is facing the possibility of shutting down at the end of May. To keep the lights on, the nonprofit rag is in need of $500,000. Prospect editor Kit Rachlis (previously an editor at the LA Times, Los Angeles Magazine, and LA Weekly) told Michael Calderone of the Huffington Post that the publication hopes to raise the needed funds through donors and readers.