So $100 million loss a year is nothing to him. He didn't buy the WP to make a profit, but to have influence.
The loss of readership is a bigger annoyance for him, but only if it means a loss of influence. It really depends on what sort of reader he's losing (ordinary folk?) vs. what sort continue to read the WP (important folk?).
The loss of readership is a bigger annoyance for him, because it means a loss of influence.
I changed that a bit because that is Bezo’s biggest problem. His hard core readership are already true believers (fanatics) so the paper is preaching to the choir hence changing nobody’s mind. So as a propaganda tool that is trying to convert folks to the leftist mind-set, it is a failure. And while the losses are small fraction of Bezo’s fortune I suspect that the FedGov has a way to offset those losses somewhat. I would not be surprised if a substantial number of hard-copy subscriptions are to FedGov offices and their personnel.
Yeah—I was running the numbers on this.
Suppose someone is worth one million dollars.
This ventures loses 100 million divided by 167.6 billion = .0006 of the wealth per year.
.0006 x one million = $ 600 a year.
That is $ 50 a month for the millionaire—pocket change really.
It’s a strategic tax write off.