Posted on 06/25/2024 6:15:57 AM PDT by george76
Washington Post's traffic has fallen off dramatically in Biden era..
...
The Post finished last year by implementing forced buyouts as part of its extensive workforce reduction goal to prevent layoffs. Roughly 240 staffers reportedly took the buyouts, which followed a bitter strike that erupted among aggrieved employees.
That led to the exit of many beloved newsroom "Posties" – what Post staffers refer to themselves -- including columnist Greg Sargent and senior editor Marc Fisher, who had been with the Post for 35 years.
"The decision to offer voluntary packages to employees across the organization was designed in hopes of averting more difficult actions such as layoffs – a situation we were united in trying to avoid," a Washington Post spokesperson
...
Vanity Fair reported that the newsroom has been "rattled" by the buyouts, particularly the ones impacting the paper's research department, so much so that some of The Post's star reporters sent a letter to executive editor Sally Buzbee and new publisher and CEO Will Lewis urging them to bring back two senior researchers Magda Jean-Louis and Alice Crites, both who had taken buyouts but were crucial to their reporting.
...
One longtime Post insider didn't sound as positive about the buyouts telling Fox News Digital, "People are very upset at how badly the process was handled. I went through many rounds of pre-Bezos buyouts and though some people were discreetly targeted in those rounds, the very public decimation of some units this time has been very demoralizing."
(Excerpt) Read more at foxbusiness.com ...
Finally. Some happy news!
Bezos doesn’t care ... he didn’t buy it for financial reasons ...
Newspaper circulation has really fallen off the cliff in recent years.
Theoretically people no longer reading the printed newspapers are reading online, but the papers have not seen online subscriptions take the place of the printed papers sales.
But it never occurs to the powers that be at the papers, that maybe people don’t want to read what they are pushing.
Well, everybody knows, garbage is hard to sell.
yes true
but i do not think he is willing to write a blank check
he has a new trophy wife and world’s biggest yacht to take care of
In the footsteps of the $1 sale of Newsweek.
Maybe less..
Doesn’t matter. The left will fund their propaganda outlet.
My thoughts on the WaPo (and the NYT): E S & D.
It will be even happier when the WP is shut down and the enemedia management is arrested and charged with giving aid and comfort to the domestic and foreign enemies of the United States.
The papers need to try to get 100% of the ad revenue.
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Bezos bought the Post for $250 million in 2013 .. , the Post says it lost $77 million in 2023 and that it has lost half its audience since 2020. The losses have continued this year. .
Mice nuts for Bezos.
Idle thought, imagine Trump buying and reimaging the Washington Post.
Reporters, you are going to be paid by the post-edit column inch.
Ad sellers, you are going straight commission.
“I’ve always wanted to run a newspaper....in 60 years”
Orson Welles in “Citizen Kane”
“imagine Trump buying and reimaging the Washington Post”
We have some very large rattlesnakes here in Florida and they are cheaper.
“You knew I was a snake when you picked me up.”
“$77 million in 2023”
That equal to 385 people at $200,000/year each.
I think in the 1990s state of thinking...you could own a news function (news network, magazine, paper) that generates zero profit. What no one calculated in that state of mind...every year, someone would convince you to write a 5-million check to cover cost, and every five years...that doubled.
In the WaPo state of 2024...I would imagine Bezos is writing $20-million check every 12 months now. They probably encourage the top three or four journalists to retire...hopping that they can lessen the pressure of yearly cost.
I anticipate by the end of 2024...Elon Mush with his $50-billion in loose cash from the pay-out...will put some cash toward buying CNN and possibly Newsweek...revamping both into pay-Twitter functions and renovating both to massive shift in how they tell a story. At that point...both WaPo and NYT are in serious trouble.
Bezos doesn’t care ... he didn’t buy it for financial reasons ...“
Correct. Just like CNN they are a tool and have a role. They are the launch pad for the media narrative. Profits or ratings are not important
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