The American Prospect may have to shut down at the end of May. The nonprofit political magazine needs $500,000 to stay in business. The magazine hopes to collect the needed funds through donors and readers, but last Thursday editors informed staff that there was a possibility it would shut down. Editor Kit Rachlis said that his team “thought it was important to be fair to the staff, to let them know there was a possibility that if we didn’t fill it, the Prospect’s last issue as currently constituted would be the July/August issue.” That issue would close in May.
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