ABC Puts Nate Silver’s “FiveThirtyEight” on the Chopping Block Amid Budget Cuts

FiveThirtyEight, Nate Silver’s data analysis site, is “on the chopping block” As ABC News According to a new report, the government is looking at budget cuts.

The Daily Beast’s Confider newsletter reported Monday, the executives of the Disney-owned outlet are expected to make a decision on the future of FiveThirtyEight by the time Silver’s contract expires in the summer.

Citing sources with knowledge of the situation, the outlet said FiveThirtyEight’s performance is under review by ABC News Kimberly Godwin, president of ABC, could attempt to “offload” This site.

According to the company, data analysis sites have never made a profit. The New York Post, and was unsuccessful in filling the vacancies left by top talent, including the sports editor, politics editor and managing editor.

FiveThirtyEight was founded by Silver in 2008. The site posts data-focused content and analysis of business, politics, and sports as well as Silver’s election polls.

After an exchange of assets, the site is now under control of ABC News. According to The Daily Beast, there have been several. “lack of enthusiasm” ABC will adopt a subscription-based model to increase its profitability.

Silver had discussed the possibility of selling the site to The Atlantic in 2017 and The Athletic in 2017. The Daily Beast reported that Silver is facing financial difficulties. “public criticism” after his site’s prediction of a “red wave” In the 2022 midterm elections, it was incorrect. 

A spokesperson for ABC News told The New York Post “There are no imminent decisions about our relationship with 538.”

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