Famed statistics guru Nate Silver and his website FiveThirtyEight are on the “chopping block,” Confider has learned, as ABC News looks to cut costs.
A decision on the future of the famed politics, economics, and sports analysis website is set to be made by the summer when Silver’s contract is up, multiple people with knowledge of the situation told us.
Nate Silver might be great with numbers, but he’s not a great pundit. The trouble is that people are unpredictable and while after the fact Nate can say with confidence what happened, his predictions of what will happen are uniformly bad. Nate really doesn’t understand actual humans, and I believe he’s even said that.
The oft-combative Silver, who has come under renewed scrutiny for his site’s polling selections, now faces an uncertain future as news division boss Kim Godwin reviews the publication, which has never turned a profit.
That last bit startled me, so… when ESPN sold 538 to ABC news in 2018, the W$J reported that “[potential] buyers have been told it is losing about $6 million annually on revenue of about $3 million.”