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Converse All Star Leather Ox Low Tan/Brown

However, Mr Wood gave his blessing to staff to seek other investors and philanthropists to continue the project. In a statement on the TGM website, staff noted "with the support of Converse All Star Leather Ox Low Tan/Brown key figures in media globally, The Global Mail team is exploring various models both philanthropic and commercial."

Mr Wood has recently suffered financial setbacks, with Wotif losing $280 million in value after shares fell 32 per cent. As the major shareholder, he is understood to have lost $45 million.

In the past month, it has also collaborated with the Freedom of the Press Foundation to launch SecureDrop, a secure platform for sources to safely pass on information without compromising their privacy.

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97,000 unique visitors in its first month in February 2012, which dropped to 47,000 the next month. However staff said in a statement: "In TGM's shift to more project based journalism in 2013, it published fewer stories but gained audience, averaging Converse All Star Shoes High Top

Australia's first major experiment with philanthropically funded journalism is facing closure unless new backers can be found.

A more light hearted plea on its Facebook page read, "anybody know any millionaires?"

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Converse All Star Leather Ox Low Tan/Brown

Should the site close, as many are speculating, the team of 21 staff will be made redundant.

The site also established a "substantial and engaged" social media following, without the use of paid marketing or advertising.

Mr Wood helped start the not Converse Shoes Chuck Taylor White

Global Mail searches for new backers

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120,000 unique visitors a month; its e news subscriber base has doubled, to more than 18,000."

Converse All Star Leather Ox Low Tan/Brown

Converse All Star Leather Ox Low Tan/Brown

Wotif founder Graeme Wood, who funded the site, has announced he could no longer continue to finance The Global Mail.

Converse All Star Leather Ox Low Tan/Brown

Converse All Star Leather Ox Low Tan/Brown

Converse All Star Leather Ox Low Tan/Brown

TGM launched with Converse Casual Shoes For Men

for profit website less than two years ago, originally pledging $15 to $20 million over five years. He told staff of his decision to pull out on Wednesday night, saying he would be unable to keep funding the digital journalism producer after February 20.

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