{"id":510430,"date":"2022-11-15T22:18:44","date_gmt":"2022-11-15T19:18:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/politico-founder-to-shut-down-struggling-tech-site-protocol\/"},"modified":"2022-11-15T22:18:44","modified_gmt":"2022-11-15T19:18:44","slug":"politico-founder-to-shut-down-struggling-tech-site-protocol","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/politico-founder-to-shut-down-struggling-tech-site-protocol\/","title":{"rendered":"#Politico founder to shut down struggling tech site Protocol"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a22c6fd730bf\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a22c6fd730bf\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/politico-founder-to-shut-down-struggling-tech-site-protocol\/#%E2%80%9CPolitico_founder_to_shut_down_struggling_tech_site_Protocol%E2%80%9D\" >&#8220;Politico founder to shut down struggling tech site Protocol&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CPolitico_founder_to_shut_down_struggling_tech_site_Protocol%E2%80%9D\"><\/span>&#8220;Politico founder to shut down struggling tech site Protocol&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Protocol, the two-year-old <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> website launched by former Politico owner and publisher Robert Allbritton, is shutting down. <\/p>\n<p>Staffers were informed at an all-hands meeting Tuesday that the site will stop publishing on Thursday, CNN first <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.cnn.com\/2022\/11\/15\/media\/protocol\/\">reported<\/a>.<\/p>\n<p>Protocol\u2019s flagship newsletter, Source Code, will continue to operate for \u201cseveral more weeks,\u201d but its various other newsletters will shut down im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely, CNN said. <\/p>\n<p>The site\u2019s roughly 60 staffers will be let go after Dec. 16 and will be eligible for eight weeks of severance, sources told CNN.<\/p>\n<p>A rep for the company confirmed to The Post that Protocol will shut down.<\/p>\n<p>Media mogul Allbritton launched Protocol in 2020 as a companion to Politico, which he funded with $50 million in 2018.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"683\" height=\"1024\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-01.jpg?w=683\" alt=\"Robert Allbritton\" class=\"wp-image-24660555\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-01.jpg?quality=75&amp;strip=all&amp;w=1366 1366w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-01.jpg?quality=75&amp;strip=all&amp;w=683 683w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-01.jpg?quality=75&amp;strip=all&amp;w=342 341w\" sizes=\"auto, (max-width: 683px) 100vw, 683px\"\/><figcaption>Robert Allbritton launched Protocol in 2019 in the hopes of replicating Politico\u2019s successful business model.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>\u201cI would love for this to be as big as, if not larger than, Politico is right now,\u201d Allbritton<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.vanityfair.com\/news\/2019\/11\/politico-founder-is-launching-a-tech-site\"> told Vanity Fair<\/a> in 2019.<\/p>\n<p>But Protocol, which covers tech-related news from streaming and artificial intelligence to gaming and electric vehicles, never gained traction. The site faced massive headwinds, launching during the global pandemic, a time when advertising budgets were squeezed and spending was curtailed, which led to job cuts.<\/p>\n<p>In 2021, Allbritton sold Politico to German publisher Axel Springer, which resulted in Protocol being folded into Politico Media Group. Since then, Politico Media\u2019s CEO Goli Sheikholeslami has been working with Axel Springer on a long-term review of the company to grow its footprint.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"587\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-02.jpg?w=1024\" alt=\"Screen shot of Protocol.com\" class=\"wp-image-24660535\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-02.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Protocol, which was launched by Politico founder Robert Allbritton, is closing down.<\/figcaption><figcaption><span class=\"credit\">Protocol<\/span><\/figcaption><\/figure>\n<p>Sources told CNN that they\u2019ve planned to double the size of the company by 2027, but that weakness in the tech sector had dampened Protocol\u2019s future. <\/p>\n<p>\u201cThe reality is that the ad market tightened, particularly in the tech space, which exacerbated some existing challenges that are typical of a new startup,\u201d an anonymous source said. <\/p>\n<p>Protocol \u201csignificantly\u201d missed revenue targets in 2022 and the economic outlook for 2023 is looking tough, sources said, explaining the decision to shutter the site. <\/p>\n<p>The company said Politico will beef up its tech coverage instead. As part of the plan,  Sheikholeslami said the company will also combine Politico US and EU to form one operational company with one single executive team.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/15\/politico-founder-to-shut-down-struggling-tech-site-protocol\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Politico founder to shut down struggling tech site Protocol&#8221; Protocol, the two-year-old technology news website launched by former Politico owner and publisher Robert Allbritton, is shutting down. Staffers were informed at an all-hands meeting Tuesday that the site will stop publishing on Thursday, CNN first reported. Protocol\u2019s flagship newsletter, Source Code, will continue to operate&#8230;<\/p>\n","protected":false},"author":1,"featured_media":510431,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/protocol-site-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135574,72323,4960,93135],"class_list":["post-510430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-15-22","tag-digital-media","tag-layoffs","tag-politico"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=510430"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/510431"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=510430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=510430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=510430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}