One version of the abrupt, spectacular downfall of The Messenger, the news site that shuttered abruptly on Wednesday after its founders blew $50 million in less than a year, revolves around the arrogance and stupidity of its founders. Pitched as a centrist, nonpartisan outlet, it apparently was conceived on the (wrongheaded) assumption that because many Americans consider themselves independents and mistrust the media, there must be a massive, untapped market of news consumers who just want the cold hard facts. And the site was going to tap that market—more than 100 million monthly readers, it hoped—with a decade-old strategy.And yet, there’s another version that’s also true. Even if The Mes
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