The Messenger to Launch May 15 With 150 Journalists

From a story on by Sara Fischer headlined “The Messenger to launch May 15 with 150 journalists”:

The Messenger, a well-funded news startup founded by longtime media entrepreneur Jimmy Finkelstein, will launch in beta with 200 employees on May 15, the company’s president Richard Beckman told Axios. Two-thirds of that headcount will be newsroom employees.

Why it matters: The company doesn’t plan to raise any additional capital outside of the $50 million it raised ahead of launch. In order to sustain its ambitious growth plans involving more than 500 additional hires, The Messenger will need to make a lot of money, quickly.