Big money couldn't save Al Jazeera America, New Republic, HuffPost Live


Money doesn't solve everything, as three big media companies learned in this week.

Within five days, three news media outlets — the left-leaning HuffPost Live and New Republic, and the Qatar-funded Al Jazeera America — have all publicly announced that they're either up for sale or closing down.

The failures came even though all three were believed to have been backed by a seemingly endless stream of funding that would see them into a future where they could become profitable.