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March 22, 2023updated 23 Mar 2023 9:33am

Finkelstein start-up The Messenger buys potential rival Grid ahead of May launch

Grid will be merged into The Messenger after it launches in May.

By Charlotte Tobitt

Jimmy Finkelstein’s digital news start-up The Messenger, which is set to launch in May, has bought another recent US newcomer, Grid.

Grid, which is based in Washington DC, launched in January last year. It will be merged into The Messenger upon the new site’s launch.

Finkelstein, the chief executive and chairman of The Messenger who previously owned US political news outlet The Hill, said: “Grid has built a successful and impressive news brand that reaches an influential audience and we are thrilled to be associated with their brand and talented team.

“Merging Grid’s brand and exceptional editorial and business teams into The Messenger will significantly strengthen our position when we launch in May.”

Grid has an editorial staff of around 30 people and aims to be a “collaborative newsroom” working to show how different specialisms are often interconnected. It says it aims to “connect with an audience that wants a deeper, clearer understanding of the world around them, regardless of their political orientation”.

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Finkelstein added: “Although we will always be looking at news sites to acquire, there are very few brands that are of this high quality.”

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The Messenger will launch by covering news, politics, business and finance and entertainment and later move into more areas, the company said, adding that its mission is to “deliver accurate, balanced, non-partisan news and information” across its website, app, video, social media, newsletters and events.

Grid is owned by International Media Investments, which will make a minority investment in The Messenger’s owner JAF Communications as part of the acquisition. IMI has also previously invested in Sky News Arabia, The National in the UAE, and Euronews.

Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our "Letters Page" blog

Select and enter your email address Weekly insight into the big strategic issues affecting the future of the news industry. Essential reading for media leaders every Thursday. Your morning brew of news about the world of news from Press Gazette and elsewhere in the media. Sent at around 10am UK time. Our weekly does of strategic insight about the future of news media aimed at US readers. A fortnightly update from the front-line of news and advertising. Aimed at marketers and those involved in the advertising industry.
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