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Politico Fails to Meet Payroll

Sisyphus
@Sisyphus
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Stop USAID payments and Politico fails to meet payroll? Apparently the withholding of that payable in the USAID line item had surprising urgency for those employed by Politico. From Benny Johnson on X:

Following the graph, we see funding beginning under this particular arrangement in 2020, with payments peaking at the $8 million level in 2024. Politico sent the following to employees yesterday (via Benny Johnson on X):

And it sounds like there is a related story developing with regard to the New York Times, but nothing solid reported yet.

"Journalism" unmasked!

The graph:

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Discussion (69)

  • Locke On@LockeOn

    Ima calling 48 hour rule on this one.

    Politico is currently owned by Axel Springer, the big German media company. They bought it for about $1B in 2021.

    I think Axel can probably make payroll, so this may very well be the technical glitch claimed in Politico's in-house statement.

    Not that I'm any fan of Politico, and it's definitely time to cut off the USG to media money laundry, but this particular spin looks suspect.

  • Old Bathos@OldBathos

    I recall that in the 1970's some said that we won the space race because our Germans were better than the Germans the Russians used. It looks like our geeks (Thanks, Elon!) are better than their geeks and that the leftosphere was more vulnerable to weaponized AI than we are.

    Bill Kristol, Politico and purveyors of Swahili LGBTQ coloring books sharing the same historic trash heap....

    Admit it--you never dared to hope for something this wondrous.

  • Misthiocracy has never@Misthiocracy

    I'm skeptical that the two events are related. Maybe they are, but I'd need more evidence.

    Here's why I'm skeptical:

    I've got several acquaintances who work remotely for small firms that outsource their payroll management (just like Politico).

    Missed paycheques have been an occupational hazard for all of 'em, and it's always been blamed on a glitch either with the payroll company or with the interface between the employer's software and the payroll company's software.

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