The Intercept is running out of cash | Semafor
Many of the Intercept’s journalists direct their ire at Chabel, a longtime nonprofit executive.Chabel joined the Intercept at a transition moment for the organization. In 2022, First Look Media had offered a $12 million grant to help the publication spin off — about half of what Intercept leaders had asked for. The publication’s editor-in-chief, Roger D. Hodge, said he told the organization’s board that he did not believe the grant was enough, and they should wind down the Intercept and give sta...
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