Posted on 01/05/2024 9:14:39 PM PST by SeekAndFind
Is The Washington Post in full-scale collapse? A recent look at the numbers provides a fairly convincing answer to that question.
According to the report, not only is the Post losing $100 million a year, but it lost over half of its online engagement by the end of 2023. The signs were already there by mid-year, and the worst has come to pass.
See: The Washington Post Is Facing a Financial Buzzsaw
“Of that audience, less than one in five read more than a single article per month, while less than one in 500 actually convert to a paying subscription.”— Josh Kraushaar (@JoshKraushaar) January 6, 2024
“The data—yes, it really is that bad—suggests that the Post is not only suffering from the absence of a coherent business plan, but it is also suffering from a profound product problem”— Josh Kraushaar (@JoshKraushaar) January 6, 2024
Having a multi-billionaire sugar daddy has helped mask some of the issues plaguing the Post, but the tide can only be held back so long. To lose over 50 percent of its online viewership is catastrophic for an outlet with such high overhead costs. Subscriber numbers have also nosedived throughout the Biden administration.
That last fact is interesting because the trend was originally blamed on Donald Trump no longer being in the news. The former president has been firmly back in the headlines the last year, though, and the Post has continued its downward spiral. If Trump being charged with multiple felonies isn't enough to save the once-storied paper, it's hard to imagine what could.
As to the reasons behind this precipitous fall, I think they are fairly obvious. Nothing the Post produces is worthwhile. Their columnists are boring parrots who all say the same thing, levying the same boring attacks they were levying nearly a decade ago. Even a died-in-the-wool liberal can only take so many Jennifer Rubin columns claiming the end is nigh for the nation because Republicans get to vote.
Then there's Taylor Lorenz, who has done more to harm the Post's credibility in the few years she's worked there than any other "journalist" at the outlet. She's been caught committing multiple ethical violations dealing with her "stories," and the response from her employers has been non-existent. Of all the people who should have been given the boot long ago, Lorenz was one of them.
Where does Jeff Bezos, who owns the Post, go from here? The path the news outlet is on is not sustainable. Continuing to dump money into a sinking ship is a bad investment, and because the Post's leaders are more beholden to their left-wing radicalism than market forces, there's no reason to think the ship can ever be saved.
That's the problem with letting the inmates run the asylum. Like with Deadspin, far-left activists are more than happy to run a publication into the ground pursuing their political wants. The culture at the Post is so toxic and entitled at this point that it would take a top-down cleaning out of every level of the outlet's operation to make a dent. Is that going to happen? Of course, not, because the backlash from the radicals would be overwhelming. Bezos is stuck, and it wouldn't surprise me if he tries to cut his losses eventually.
Replace the Post employees with conservatives.
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