Posted on 01/08/2024 1:09:30 PM PST by Red Badger
The Washington Post appears to be doomed as the left-wing newspaper continues to face major losses, a new report has revealed.
According to the report from Puck News, the Post is facing collapse as it loses $100 million a year.
The eye-watering losses are due to a failing business model, the report argues.
Aside from financial woes, the corporate media outlet has also lost over half of its online engagement by the end of 2023.
The signs were already there by the middle of last year and the worst has come to pass.
The vast wealth of the Post’s billionaire owner Jeff Bezos has helped mask some of the issues plaguing the paper.
However, the tide can only be held back so long.
For an outlet with such high overhead costs to lose over 50 percent of its online viewership is catastrophic.
Subscriber numbers have also plummeted since President Donald Trump left office.
The data shows subscribers nosediving throughout Democrat President Joe Biden’s administration.
The outlet, which has focused heavily on its political attacks against Trump, has suffered dramatically without him in the White House.
The 45th president has been firmly back in the headlines the last year, though.
Nevertheless, 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.
So far, it’s unclear where Bezos will go from here.
The path the news outlet is currently on is vastly unsustainable.
Continuing to dump money into a sinking ship is a bad investment.
However, the Post’s leaders are more beholden to their left-wing radicalism than market forces.
Therefore, there is no reason to think the ship can ever be saved.
And they said there was only bad news. Perhaps they should target people who can read?
Fake news is having self inflicted financial problems boo hoo maybe bozos will have to sell a yacht. Not
No problem, this is Bezo’s toy and he’ll prop it up.
Not to worry.
The CIA has plenty of dark money to launder to them.
Perhaps they ought to try printing the truth instead of propaganda for the Democrats.
After all, they can get that tripe anywhere, not just the Com-Post...............
bezos will keep his tool afloat ...
The Government is funding the Washington Post and the New York Times.
Losing that kind of money for Bezos is like the financial strain experienced by FReepers who donate here. It’s a small price for him to be able to lie to millions with impunity.
as with all gov’t institutions, it’s ‘too big to fail.’
Not from my perspective. It couldn't happen to nicer bunch of schmucks!
Post Pandemic Relief funds go to the Post. That's the problem with stealing elections, the costs grow exponentially as time goes on.
Who would read all the words on the page when Joy Reid can recite the DNC memo for you?
Hmm , let's see 1) using out dated print technology and inefficient delivery systems 2) Pretending to be a news source but everyone knows it's a Leftist propaganda rag and CIA outlet for misinformation
Trying to sell a product you can get for free anywhere......................
There’s a lot cheaper fish wrap out there than the Washington Post.
Judging the WP by standard profit and loss, free market measures is a mistake. It's value to the Regime is to amplify propaganda, and to that end money will always be made available (above or below board)
It’s up to Jeff Bezos and how much he wants to support the WaPo.... because apparently readers and subscribers don’t want to. $100 million a year is not too painful for him.
Did Pravda or China People’s Daily ever worry about “profit or loss?”
NO - they are doing the glorious work of the ruling party and state!
Same thing here....
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