The Intercept, a progressive nonprofit investigative news outlet, is spinning 0ff as an independent nonprofit from its parent, First Look Media, according to a memo sent to staff obtained by Axios.Why it matters: The company had been planning to spin off the organization for some time. Doing so, it believes, will help the outlet more easily secure outside funding to build a more sustainable long-term business model.
Origen: The Intercept spinning out as an independent nonprofit
