The liberal newspaper the Washington Put up is dropping cash at a file tempo. They’re projected to lose a whopping $77 million this yr alone and that was earlier than they misplaced a ton of subscribers when proprietor Jeff Bezos determined to not endorse Kamala Harris within the 2024 election.
How may such an establishment, such an iconic model be dropping a lot cash? Possibly it has one thing to do with WaPo columnists like Jen Rubin, who just lately declared that Republicans wish to kill your youngsters.
Liberal media retailers are struggling decline throughout the board proper now, however these numbers from the Washington Put up are indicative of a doom spiral.
FOX Information studies:
Washington Put up set to lose $77 million this yr even earlier than boycott erupted over non-endorsement: Report
The Washington Put up was already in monetary bother even earlier than the current boycott motion that erupted towards the paper.
A report from New York Journal’s Intelligencer make clear a current assembly at The Put up newsroom the place the highest brass revealed that the paper was on tempo to lose a whopping $77 million this yr, a determine that doesn’t even embody the staggering 250,000 subscribers it misplaced over its last-minute determination by billionaire proprietor Jeff Bezos to not endorse Vice President Kamala Harris within the remaining days of the presidential race.
“[It’s] not a shock in any respect,” one Put up staffer advised Fox Information Digital in response to the report. “It means ‘buckle up.’”
Notably, the $77 million in reported losses mirrors the precise determine Washington Put up writer Will Lewis stated in Might the paper misplaced over the prior yr.
The Intelligencer cited different staffers, one saying “The extent of anger is thru the roof, and concern can be by means of the roof.”
It seems that the one factor protecting the Washington Put up afloat at this level is the truth that Bezos is a billionaire.
The Washington Put up is dropping $77 million a yr. It seems to outlive in its present type based mostly on Bezos’ bottomless pockets.
If the media goes to speak about billionaire energy, they need to notice there’s little marketplace for what they’re offering and it is the general public’s fault. pic.twitter.com/EmtuttMt0y
— Richard Hanania (@RichardHanania) November 19, 2024
What occurs when Bezos decides to cease writing checks for this dropping enterprise?
