First Look Media Kills Real Time News Site Reported.ly

First Look Media, founded by Ebay billionaire Pierre Omidyar is killing the two year old real time news site Reportedly by parting ways with it and ending all funding. Reported.ly's editor in chief Andy Carvin shared the bad news via a short post on Medium:

To friends and supporters of reported.ly:

It is with great regret that I must announce that reported.ly will suspend its operations on August 31, 2016. Our funder and employer, First Look Media, has chosen to part ways with us, so we will no longer receive financial support from the company.

Our future beyond August 31 is unknown. The team would love to find a new home for reported.ly, but we recognize the challenges that await us. Over the coming days and weeks, we’re going to explore our options, including re-establishing reported.ly at another news outlet or creating our own independent entity. Either solution would require the necessary funding for our work to continue; otherwise the team will have no choice but to go our separate ways.

Thank you for all of your support over the last 20 months. If you have any questions, please don’t hesitate to reach out.

Andy Carvin
editor and founder

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