ThinkProgress, a progressive news site founded in 2005, will be shutting down, The Daily Beast first reported. The site will wind down operations today.
The website was an editorially independent project from the Center for American Progress Action Fund. Ultimately, ThinkProgress will become a place for CAP and CAP Action contributors to publish their work and the website will go “back into CAP’s broader online presence with a focus on analysis of policy, politics, and news events,” said Navin Nayak, executive director of the Center for American Progress Action Fund, in a statement.
The site had been considered by at least 20 potential publishers after two months of searching, Nayak said, but ultimately they were unable to secure a deal.
“Given the challenging trends in digital news media that have undermined so many iconic outlets, it has become unsustainable for CAP Action, as a non-profit, to continue supplementing the growing shortfall in ThinkProgress revenue,” Nayak said.
“It’s disheartening that CAP no longer believes that independent progressive journalism is worth supporting,” he tweeted.
It’s been a tough third quarter for some political news organizations. Executives of Governing Magazine announced in August that the operations would come to a close.