It’s with great disappointment that we let you know that Circa News has been put on indefinite hiatus*. Producing high-quality news can be a costly endeavor and without the capital necessary to support further production we are unable to continue. Our mission was always to create a news company where factual, unbiased, and succinct information could be found. In doing so we recognized that building a revenue stream for such a mission would take some time and chose to rely on venture capital to sustain. We have now reached a point where we’re no longer able to continue news production as-is.
Our ongoing plan was to monetize Circa News through the building of a strategy we had spent a long time developing but unfortunately we were unable to close a significant investment prior to becoming resource constrained. We could have compromised and included off-the-shelf advertisements or charged a subscription for the product but we never felt like any of the simplest solutions would pair well with the high-quality experience we wished to achieve, or even bring in enough to make a difference.
It’s with a deep sadness that we find ourselves in this position. We’re well aware that many of the concepts that Circa News introduced to the market are being found in a number of other news outlets, though sincerely we hope that those ideas which we pioneered continue to be an inspiration for others. While we’re incredibly proud of the product that we built, the quality of the news that we were able to report, and the audience that chose to make Circa News its news outlet of choice, we’re upset that we may be letting people down. As a company, we’re still working through an opportunity to keep the technology and spirit of Circa alive.
Some members of our team have already moved on to other opportunities and we couldn’t be happier for them — however we do still have a number of wonderful journalists that are dedicated to their craft, looking for an opportunity to continue informing the world. If you or someone you may know is looking for fantastic writers to join your team, please get in touch with Circa’s Editor-in-Chief Anthony De Rosa. Go here for a complete set of bios on everyone that we’re hoping to find a great home for.
Circa will remain in our hearts for a very long time to come. It was something that was a labor of love for the nearly three years of its existence (four in concept) and in that time we never tired of the task at hand. The praise from our readers, intrigue from the industry, and encouragement from our investors, advisors, friends, and family kept us pushing forward when others felt we may fail. Indeed, though a failure to build a business out of the product we created is now our fate there is still so much to look at and consider a success. In a short period of time, we pioneered the use of atomized content to deliver news, ushered in a wholly new way of staying in touch with news stories over time through our story follow-ability, and proved that a small, scrappy team could go toe-to-toe with the news giants, if even for a modest audience.
Finally, we’d like to thank any and all of those who may have contributed and played a part in our story — big and small alike. We hope that someday someone may finish the story that we started, succeed where we may have faltered, and that a news experience built for the future and not burdened by the past will have a shot.
Thank you, Matt Galligan, Circa Co-founder
Note: In the interest of continued negotiations around Circa, we will not be speaking to the press about ceased production.