The wonderfully wonky American Prospect—launched 22 years ago to support serious liberal thought and journalism—sent out a serious distress call this morning, announcing that it needs to raise $500,000 by the end of May or it will have to stop printing.

"If the Prospect has to fold, a key part of America’s progressive infrastructure will unravel at the worst possible time," writes editor Kit Rachlis.

Not just that.

The Prospect was an incubator for a lot of the journalists you're reading today—Ezra Klein, Ann Friedman, Garance Franke-Ruta, Nicholas Confessore, Jonathan Cohn, Matt Yglesias, James Fallows. The place even tossed a few freelance assignments my way, including one in which this city boy got to hang out at a rural Colorado shooting range with Mark Udall.

All of which is to say that it's a double tragedy if (and, increasingly it seems, when) publications like this go under. The kind of institutional support and encouragement provided to young journalists by places like The Prospect cannot be easily replaced.

More thoughts on the Prospect's past and future are being collected on its Twitter feed.