The Washington Post is struggling with revenue and subscribers, according to a new report from the New York Times.
The Trump years were great for the WaPo, as their readers greedily devoured every single story about the walls supposedly closing in on Trump, but now? Not so much.
The Biden years are awful for everyone, so far.
From the NY Times:
In the years after Jeff Bezos bought The Washington Post in 2013, business boomed. Droves of readers bought digital subscriptions, and the newsroom roughly doubled in size, adding hundreds more journalists.
But The Post’s business has stalled in the past year. As the breakneck news pace of the Trump administration faded away, readers have turned elsewhere, and the paper’s push to expand beyond Beltway coverage hasn’t compensated for the loss.
The organization is on track to lose money in 2022, after years of profitability, according to two people with knowledge of the company’s finances.
That’s a shame.
SCOOP: The Washington Post is on track to lose money this year, sources say. It been unable to boost subscribers back to the 3 million it had in 2020 — and CEO Fred Ryan has floated cutting 100 newsroom positions. Story here from me and @BenMullin https://t.co/xas2BHSR56
— Katie Robertson (@katie_robertson) August 30, 2022
Here’s a suggestion:
If WaPo wants to boost readership, especially with the young female demo, the answer is obvious: More Max Boot. https://t.co/DWWnAuh5zY
— Jon Gabriel (@exjon) August 30, 2022
People have thoughts about this:
When you make the 40 year old tech reporter your EIC, this was bound to happen https://t.co/TvQxVrLCQD
— Stephen L. Miller (@redsteeze) August 30, 2022
Alt headline: Trump was good for the news business https://t.co/vutPxYxeqi
— Charles Gasparino (@CGasparino) August 30, 2022
Weird. Propaganda does not sell as well as objective journalism. Hmmm Who knew. 😀 https://t.co/2TNlgkRkHr
— Dave ⚡️ (@Docsbelief) August 30, 2022
Maybe it’s a staffing problem…
— Natalie F Danelishen (@Chesschick01) August 30, 2022
Glad to see hiring Taylor Lorenz is working out so well for them https://t.co/jcn86B8kf8
— The H2 (@TheH2) August 30, 2022
This sums it up:
The media’s obsession with Trump made them a fortune, it fed libs paranoia but without him most of them are hurting https://t.co/aPTe5KAxXT
— Ryan James Girdusky (@RyanGirdusky) August 30, 2022
The WaPo says democracy dies in darkness.
Apparently, subscription sales die without Trump.
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