Slate's The Big Money Closed for Business
Less than two years after the Washington Post’s Slate Group launched The Big Money, they’ve announced the business/economy site is being shuttered, effective immediately.
Romenesko obtained the internal memo:
The problem, in a nutshell, is that the site is not pointed toward profitability on a fast enough timetable. We’ve struggled to grow the site’s traffic to carry enough ad inventory to run a profitable business.
The bosses, Jacob Weisberg and John Alderman also write, “Our timing also could have been better.
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