Jimmy Finkelstein raises $50M for new media venture

Jimmy Finkelstein, a longtime media investor and entrepreneur who formerly owned The Hill, has raised $50 million for his new venture called The Messenger, sources told Axios.

By the numbers: In total, he's hired roughly 35 people, with the goal of hiring several hundred more throughout the year. He's already brought on most of the company's senior leadership team, including a top editor, as he readies for a launch in the second quarter.

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