Another one bites the dust

[silverfaun]

Another ideologically left groupthink media venture has gone bust with the founder pulling his dough.

Wood also bankrolls the Aus version of the Guardian, the love of the left and the favourite go to for the ABC.

Launching these papers is a lesson in futility if they can't relate to the broader readers and not the narrow left base they target.

Wotif founder Graeme Wood to close Global Mail news site

THE staff of The Global Mail is seeking new philanthropist backers in order to keep the news website going after original founder Graeme Wood this week pulled his funding from the site.

Wood told TGM's approximately 20 staff yesterday that he was unable to continue supporting the venture after February 20 but that they were free to seek other investors.

"This allows us to pursue ambitious plans for the future," TGM said in a statement.

"With the support of key figures in media globally, The Global Mail team is exploring various models - both philanthropic and commercial.

"Accordingly, the management of TGM is seeking expressions of interest from

potential partners."

http://www.theaustralian.com.au/media/wotif-founder-graeme-wood-to-close-global-mail-news-site/story...

[silverfaun]

Not for loss of readsership but closed voluntarily by the owner which showed great dignity.

[lakeland27]

He closed the adelaide news because the Advertiser was as bad. there was no dignity in sight. especially as the building was left to rot and become and even bigger eyesore .he didn't have to look at it.

[freakiness]

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@silverfaun wrote:

Not for loss of readsership but closed voluntarily by the owner which showed great dignity.

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Hahahahahahaha, nothing to do with the court cases and the despicable practices they employed.

[spotweldersfriend]

Closed down due to criminal activity is more like it.How's Rebecca doing?

[lakeland27]

she knows nothing about phone hacking, she doesn't know anything about anything besides actually doing it.

[just_me_karen]

And those text messages between her and Andy were purely business hahaha

No wonder Murdoch hired her.

[debra9275]

LOL

[lakeland27]

now we mustn't pre- judge the situation 

[debra9275]

Haha no comment here