Left-leaning online outlet announces indefinite shutdown amid financial and operational crises
The independent website The Canary said it will cease operations indefinitely, citing unsustainable finances and repeated banking obstacles.
The Canary announced that it will shut down indefinitely, describing its financial and operational position as unsustainable. The decision follows a year of banking difficulties, first being “debanked” by Lloyds and later having a second account blocked by Metro Bank, which halted its print plans. Despite a reported multimillion-pound cash injection and the hiring of Cecil Hetherington as a director, the £2 million investment was largely depleted, with only about £400,000 remaining, according to a staff source.
A brief foray into a UK newspaper collapsed after just weeks, and wages and invoices have been delayed for months. The organization also accused former employees of spreading falsehoods and launching a harassment campaign, while pledging to publish a rebuttal later in the week.
Why it matters
The closure highlights the financial vulnerability of independent media and the impact of banking restrictions on press freedom.
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