Posted on 05/08/2012 1:04:31 PM PDT by lbryce
Grim News in WaPoVille
Washington Post, it sucks to be you:
The Washington Post Co. reported its first-quarter earnings on Friday, and the news coming out of the newspaper division was mostly grim. The unit lost $22.6 million in the quarter, with revenue down 8% and revenue from print advertising specifically falling 17%. Meanwhile, the Post just reported one of the biggest circulation drops of any major newspaper with the lucrative Sunday edition selling 5.2% fewer copies and the daily edition skidding almost 10%. Oh, and newsroom leaders are so distressed about the way the business decline is affecting them, they held a secret meeting with the paper’s president, Steve Hills — without inviting executive editor Marcus Brauchli.
Did somebody say “secret meeting“?
Washington Post staffers are buzzing about a secret meeting between some 10 big-name Post journalists including Dana Priest, David Finkel and Carol Leonnig, and Steve Hills, the president and [general manager] of the newspaper. The April 17 meeting was highly unusual for two reasons — the executive editor, Marcus Brauchli, wasn’t present, and the participants agreed not to talk about it. . . . Hills was said to have shocked with remarks that awards “don’t matter,” urged more traffic-driving slideshows over original Post photos, and compared the Post to Ohio’s Dayton Daily News, a paper with one-fifth the circulation of the 508,000-circ Post. . . . [T]he paper has lost top talent lately, including James Grimaldi, who took a buyout and is heading to The Wall Street Journal. With his departure, the Post will have lost all three reporters who won its 2006 Pulitzer for their coverage of the Jack Abramoff scandal.
(Excerpt) Read more at theothermccain.com ...
On second thought it is fun, watching them twist slowly in the wind, pretending to know what's going on, still carrying on in typically anachronistic hubris, The Fourth Estate: saving America one pompous, sloppy news story at a time, "We don't report the news, we make the news" as they tried doing with Trayvon, going about their cluelessness to the fact that the 'White Out' stopped flowing years ago in the previous century.
We thought your last throes of death would be one punctuated by the faux dignity and grace you saw yourselves ensconced in but all there is to see is ignominy, vulgarity.
Gee, kids that can’t read their diplomas, no Spanish additon, a liberal bent that turns off those who actually read a paper for news...what could be the problem.
Or Mooch's travel costs, Obama's czars, illegal EOs, EPA's heavy handedness.
Add your own.
But I guess they can rest on Abromoff's laurels...that was during Bush after all.
Our local paper started charging for the TV section on Sundays and made it optional, so I didn’t sign up to get that. Then when they increased the price of the paper by 30% I told them to take a flying leap. There is less in it all the time.
I think Obama should fund WAPO.....his staff already writes the news for them.
Only thing the newspaper is good for anymore is the coupons that come out in the sunday paper. But anymore I buy from coupon clipping sites. Its much cheaper and you waste a lot less.
Plus on top of it you print coupons for free from the internet at coupon websites.
Who reads the newspaper for news anymore?
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