From a New York Times story by Katie Robertson headlined “Slate, the Pioneering Web Magazine, Struggles to Find Identity and Profit”:

In early January, two days after an abrupt announcement that the top editor of Slate was stepping down, the publication’s staff signed into a Zoom meeting with the company’s chief executive and a consultant for Graham Holdings, the publication’s owner.

Slate was not profitable, the consultant, Ann McDaniel, told them. She had been brought in to suggest ways to improve the publication and shore up its business, she said….