https://amgreatness.com/2019/09/06/left-wing-website-think-progress-to-shut-down/
ThinkProgress, a once influential left-wing news site, is reportedly shutting down after being in operation for nearly 15 years.
The outlet was a “project” of the Center for American Progress Action Fund (CAPAF), a “sister advocacy organization” of the Center for American Progress (CAP).
The Center for American Progress is a 501(c)(3) organization that receives approximately $25 million per year in funding from a variety of sources, including individuals, foundations, and corporations, according to Sourcewatch.
From 2003 to 2007, the center received about $15 million in grants from 58 foundations. Major individual donors include George Soros, Peter Lewis, Steve Bing, and Herbert M. Sandler. The Center receives undisclosed sums from corporate donors.
Wal-Mart is a major funder of the Center for American Progress, having given at least half a million dollars to the organization. Wal-Mart has been a major backer of Pres Obama’s health care legislation, which critics contend would disproportionately drive up costs for Wal-Mart’s smaller competitors.
According to the Daily Beast, ThinkProgress ran on deficits for years and “will stop current operations on Friday and be converted into a site where CAP scholars can post.”
CAP officials had been searching for a buyer to take over website and were reportedly some interested parties, but ultimately, the site was unable to secure a patron.