When you’re reporting about billionaires, you face a unique risk: If they don’t like what you publish, they might sue.
Even if everything you write is true, and even if you eventually win in court, the legal bills can bury you.
More than anything, this fear of litigation explains why so few news outlets take on the kinds of adversarial investigations that The Intercept is known for.
Thanks to major philanthropic support at our founding, up to now we’ve had the legal resources to ensure that our journalists can confidently report the facts without fear or favor.
But year after year, these legal costs continue to mount. And to be brutally honest, without any big corporate advertisers, our coffers are beginning to run dry.
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