The liberal newspaper the Washington Submit is shedding cash at a file tempo. They’re projected to lose a whopping $77 million this 12 months alone and that was earlier than they misplaced a ton of subscribers when proprietor Jeff Bezos determined to not endorse Kamala Harris within the 2024 election.
How may such an establishment, such an iconic model be shedding a lot cash? Possibly it has one thing to do with WaPo columnists like Jen Rubin, who lately declared that Republicans want to kill your children.
Liberal media shops are struggling decline throughout the board proper now, however these numbers from the Washington Submit are indicative of a doom spiral.
FOX News experiences:
Washington Submit set to lose $77 million this 12 months even earlier than boycott erupted over non-endorsement: Report
The Washington Submit was already in monetary hassle even earlier than the current boycott motion that erupted in opposition to the paper.
A report from New York Journal’s Intelligencer make clear a current assembly at The Submit newsroom the place the highest brass revealed that the paper was on tempo to lose a whopping $77 million this 12 months, a determine that doesn’t even embrace the staggering 250,000 subscribers it misplaced over its last-minute determination by billionaire proprietor Jeff Bezos to not endorse Vice President Kamala Harris within the ultimate days of the presidential race.
“[It’s] not a shock in any respect,” one Submit staffer instructed Fox Information Digital in response to the report. “It means ‘buckle up.’”
Notably, the $77 million in reported losses mirrors the precise determine Washington Submit writer Will Lewis stated in Could the paper misplaced over the prior 12 months.
The Intelligencer cited different staffers, one saying “The extent of anger is thru the roof, and worry can also be by way of the roof.”
It seems that the one factor protecting the Washington Submit afloat at this level is the truth that Bezos is a billionaire.
The Washington Submit is shedding $77 million a 12 months. It seems to outlive in its present type primarily based on Bezos’ bottomless pockets.
If the media goes to speak about billionaire energy, they need to notice there’s little marketplace for what they’re offering and it is the general public’s fault. pic.twitter.com/EmtuttMt0y
— Richard Hanania (@RichardHanania) November 19, 2024
What occurs when Bezos decides to cease writing checks for this shedding enterprise?
