We reported on the news -- announced in late January by Denver-based media pro David Sirota -- that he would be be the chief executive of a news media organization chaired by David Brock, an influential liberal fundraiser and political operative.
Today brings an update from Sirota saying, essentially, the deal's off:
"Friends:
"Since so many of you have asked me about the new project I was set to work on, I wanted to pass on some personal news about that.
"As you know, I was thrilled to initially accept the proposal to work with True Blue Media because I believe in nonpartisan accountability journalism. However, the circumstances of the job subsequently changed. True Blue Media does not right now have in hand the resources for the kind of independent, nonpartisan journalism I want to continue to do and that is needed to execute on the ambitious editorial strategy that we agreed on. Therefore, I have decided to turn down the job. I wish David Brock all the best."
Sirota told Denverite he'll remain with the International Business Times, where he has been senior investigations editor.
Brock currently runs a network of liberal outlets including Media Matters and ShareBlue, which will operate under True Blue Media.
He had at times called the planned media organization, True Blue Media, "the Breitbart of the left" and "the left's answer to Breitbart."
