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article imageWikiLeaks forced to suspend publication to fund-raise

By Katerina Nikolas     Oct 24, 2011 in Business
London - Julian Assange, co-founder of WikiLeaks, announced at a London press conference that the publication is to be temporarily suspended due to lack of finances. Instead the focus will be on fighting the financial blockade and aggressive fund-raising.
Julian Assange, co-founder of WikiLeaks, addressed a press conference in London on Monday to announce that the publication of the whistle blowing website is to be suspended. According to the Guardian Assange laid the blame for WikiLeaks’ financial woes on the banking blockade that has destroyed 95 percent of revenue.
WikiLeaks issued a statement saying “In order to ensure our future survival, WikiLeaks is now forced to temporarily suspend its publishing operations and aggressively fund-raise in order to fight back against this blockade and its proponents.”(Telegraph)The financial blockade which is threatening the continued existence of WikiLeaks began following Cablegate. WikiLeaks described the blockade as “part of a concerted US-based, political attack that included vitriol by senior right wing politicians, including assassination calls against WikiLeaks staff.” It went on to say “Our scarce resources now must focus on fighting the unlawful banking blockade.”
Those who stand accused of responsibility for the banking blockade include PayPal, Visa, MasterCard and Bank of America. A decision is expected by mid-November “as to whether the European Competition Authority will open a full investigation into the wrongdoing of VISA and MasterCard.” In addition to fighting the blockade WikiLeaks will focus on intense fund-raising as donations have dropped dramatically from their peak in 2010. Assange said donations had fallen from $10,000 per month last year to just $6,000 - $7,000 this year.
Politico comments on the continual thorn that WikiLeaks has been in the U.S government’s side, bringing attention to some of the more embarrassing revelations that were exposed by the website.
More about Wikileaks, Julian Assange, WikiLeaks blockade, Cablegate, WikiLeaks' revenues
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