10 years after The Washington Post became purchased by Amazon founder and billionaire Jeff Bezos, the outlet is “on a amble to lose about $100 million in 2023,” in step with a fresh Novel York Times file.
Bezos took over the Post for $250 million in 2013, in a single in every of the biggest media acquisitions of the final decade. The Post’s famous pronouncing, “Democracy Dies in Darkness,” change into the official slogan of the paper in 2017, below Bezos’ gaze.
But it absolutely appears that even Bezos would possibly per chance moreover no longer turn around The Post’s flagging reputation with readers.
10 years after The Washington Post became purchased by Amazon founder and billionaire Jeff Bezos, the outlet is “on a amble to lose about $100 million in 2023,” in step with a fresh Novel York Times file. ( SAUL LOEB / AFP) (Describe by SAUL LOEB/AFP by capability of Getty Pictures)
“The Post has struggled to develop the resolution of its paying customers ensuing from the 2020 election, when its digital subscriptions peaked at three million. It now has around 2.5 million,” The Times wrote in a account headlined, “A Decade Previously, Jeff Bezos Sold a Newspaper. Now He’s Paying Attention to It Again.”
Management at The Post became hopeful in regards to the model forward for the outlet.
“I’m very extreme about what we’re going to attain right here at The Washington Post within the decade forward,” meantime executive Patty Stonesifer reportedly talked about. “Jeff’s 2nd decade of possession of The Post desires to be even extra thrilling.”
Two folks “acquainted with [Bezos’] interactions” with The Post talked about that the billionaire’s pastime within the paper first and indispensable lasted for “numerous years” earlier than he “receded seriously,” in step with the file.
“That changed in January, after Ms. Buzbee spoke with Mr. Bezos and conveyed an pressing message: Morale became low at The Post. Significant of it, she talked about, stemmed from missteps by the newspaper’s chief industry executive, Mr. Ryan, in step with two folks acquainted with her remarks.”
Two folks “acquainted with [Bezos’] interactions” with The Post talked about that the billionaire’s pastime within the paper first and indispensable lasted for “numerous years” earlier than he “receded seriously,” in step with the file. (Oliver Contreras/For The Washington Post by capability of Getty Pictures)
But this yr, Bezos “made a uncommon look within the newsroom,” sitting in on a “morning records assembly.”
In the relieve of the scenes, Bezos has “weighed in” on a peculiar project for The Post’s draw portion. “The initiative — which doesn’t but have faith an official name — is exploring a dialogue board for readers in cities across america to post their very luxuriate in opinions and commentary,” The Times wrote.
Fox News Digital reported in June on Fred Ryan’s departure from The Post from his put as chief executive, because the outlet persisted to grapple with group turnover and declining online subscribers.
A Post insider talked about Ryan’s records got right here as a shock, and it became that you just would possibly per chance per chance be moreover deem Bezos pushed him out to raise in younger leadership.
“Hard to allege whether or no longer he became pushed or jumped… We’re unexcited hiring, unexcited expanding. But Fred is 68. So… if I needed to bet—and it’s strictly that—I’d explain Bezos is getting impatient and wanted to fetch unusual blood,” they talked about, adding the subscriber loss became extensive. “Colorful clear Bezos is jumpy.”
The Washington Post and Bezos did no longer answer to requests for comment from Fox News Digital.
Fox News’ Brian Flood contributed to this file.
Jeffrey Clark is an affiliate editor for Fox News Digital. He has beforehand served as a speechwriter for a cabinet secretary and as a Fulbright teacher in South Korea. Jeffrey graduated from the University of Iowa in 2019 with a level in English and Historical previous.
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