Pacific Standard, an online investigative magazine, is shutting down abruptly after its backer said it was pulling the plug on the 11-year-old, not-for-profit journalism venture.

“Today is an extremely difficult day, the worst day—and I’m heart-broken and devastated,” tweeted Nicholas Jackson, who had been the editor in chief for the past four and a half years.

“We learned this morning, without any warning, that our primary funder is cutting off all charitable giving and that our board is shutting down @PacificStand, effective next Friday,” he tweeted, referring to Aug. 15.

The venture had been supported by the not-for-profit Social Justice Foundation, which received the bulk of its backing from Sage Publications, the publisher of over 1,000 scientific and academic journals.

Sage had pumped in $1.1 million in 2017 into the Social Justice Foundation, according to the organization’s tax return, but the publication was costing $3.2 million to stay afloat.

Sara Miller McCune, the head of Sage as well as chairwoman of the Foundation, could not be reached for comment.

Jackson said he switched to an all-digital format at the start of the year. In the end, there were 20 full-time staffers.

The publication was known originally as Miller McCune magazine but had changed its name to Pacific Standard.



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