Bezos’ Washington Post Bleeding Cash in 2022: Report

Washington Post HQ building via Wikimedia Commons.

The far-left Jeff Bezos-owned paper The Washington Post is set to lose money in 2022, following profitable years, likely because of the obsessive fixation on attacking President Donald J. Trump. Now that he lives in Mar-a-Lago and not the White House anymore, the paper is bleeding cash, according to the New York Times.

Mediaite reports:

Times media reporters Benjamin Mullin and Katie Robertson, citing several sources at the Postreported on Tuesday that the Post “now has fewer than the three million paying digital subscribers that it had hailed internally near the end of 2020.”

Citing “a recent internal financial document,” Mullin and Robertson reported that “digital ad revenue generated by the Post fell to roughly $70 million during the first half of the year, about 15 percent lower than in the first half of 2021.”

Mullin and Robertson also reported that the Post newsroom is considering “cutting 100 positions, according to several people with knowledge of the discussions,” by “hiring freezes for open jobs or other ways.” A Post spokesperson denied this and told the Times that the outlet is “exploring positions that should be repurposed to serve a larger, national and global audience.”

The Post has been owned by Amazon founder and executive chairman Jeff Bezos since 2013.

The New York Times report reads, “The downturn at The Post has set off frustration internally. Some top executives are concerned that [publisher and CEO] Mr. [Fred] Ryan, picked by Mr. Bezos to be the publication’s top business executive, hasn’t moved decisively enough to expand coverage. Some have also become irritated by the company’s halting marketing efforts, which are guided by Mr. Ryan, and inconclusive talks about acquiring another large news organization.”

 



Subscribe
Notify of
guest
10 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
PITA275
PITA275
26 days ago

This may be true but it does not matter. These left wing Communist billionaires have enough money to take the loss. They do not care about the truth. Note, not all billionaires are bad. Bezos seems to belong on the left.

Daniel Gautschi
Daniel Gautschi
26 days ago

What is the Washington Post?

NYCGUY
NYCGUY
26 days ago

The W/P was at one time one of the world’s most respected newspapers. However, today, the paper is used only to wrap dead fish and line birdcages

Antogeny
Antogeny
26 days ago

This is the best news I’ve heard today!

Skippy
26 days ago

Fake news was overrated anyhow. I always rather believed MY OWN lying eyes than the biased leftist press. Fake news flourished on falsehoods, accusations, innuendos and rumors repeated so often it became believed.

Bill Williams
26 days ago

Bezos should give a flip, this far left fool is so rich he can support the WaPo until he dies.

AreeAnna
AreeAnna
26 days ago

These layoffs going on will reach every spectrum of American life. Layoffs coming to a neighborhood near you. Joey, again, makes a mess of everything he steps into. It is called poop.

Carlos
Carlos
26 days ago

The fact that the only means of survival for WaPo was feeding lies to their readers, tells you how f***ing stupid many Americans are.

Perry
Perry
25 days ago

With Mr Bezos money 2 million is a walk in the park.

JAMES J MCDADE
JAMES J MCDADE
17 days ago

WAPO is garbage.

By submitting this form, I hereby consent to TrumpTrainNews.com's Terms of Use and Privacy Policy, which permits TrumpTrainNews.com and its affiliates to contact me.