WikiLeaks says 'blockade' threatens its existence

"We would need $3.5 million over the next year to continue operating," founder of whistle blower site Julian Assange says.

By REUTERS
October 24, 2011 18:33
1 minute read.
WikiLeaks founder Julian Assange speaks to press

WikiLeaks founder Julian Assange speaks to press 311 (R). (photo credit: REUTERS/Luke MacGregor)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

LONDON - WikiLeaks will have to stop publishing secret cables and devote itself to fund-raising if it is unable to end a financial "blockade" by US firms such as Visa and MasterCard by the end of the year, founder Julian Assange said on Monday.

After releasing tens of thousands of confidential US government cables, WikiLeaks would need $3.5 million over the next year to continue operating, Assange said.

Be the first to know - Join our Facebook page.


RELATED:
Newspapers condemn WikiLeaks for uncensored leaks
WikiLeaks says website was target of cyber attack

Visa and MasterCard stopped processing donations for WikiLeaks in December 2010 after the United States criticized the organization's release of sensitive diplomatic cables.

"If WikiLeaks does not find a way to remove this blockade, given our current levels of expenditure we will simply not be able to continue by the turn of the year," Assange told a news conference.

The blocking of donations by Bank of America Corp , Visa Inc , MasterCard Inc , eBay Inc unit PayPal and Western Union Co had cost Wikileaks 95 percent of its revenue.

In July, WikiLeaks filed a complaint to the Directorate-General for Competition of the European Commission, saying Visa and MasterCard had breached antitrust provisions set out by the EU Treaty.



Assange said he hoped the European Commission would make a decision to hold a full investigation by mid-November.

Related Content

A child walks around a fake tank parked outside the US embassy
August 20, 2018
Amnesty International concerned over arms supplied to Israel, Saudi Arabia

By ANNA AHRONHEIM