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The Washington Post publisher disclosed the paper lost $77 million last year

On Wednesday, Will Lewis, the newly minted publisher and chief executive of The Washington Post, strode on stage before gathered staffers at the company’s D.C. headquarters to outline his vision for shepherding the iconic newspaper into a financially prosperous future.

Dressed in a navy blue blazer and button down shirt, along with his trademark sneakers (the Brit is known to be partial to the casual footwear), Lewis first delivered the cold hard reality to his assembled workforce. He candidly explained the depths of The Post’s recent financial woes, revealing that it had lost $77 million over the last year and seen a dramatic 50% drop in audience since the highs of 2020.

“To speak candidly,” Lewis told staffers at the top of the 90-minute meeting, “we are in a hole, and we have been for some time.”
Reason10 · 61-69, M
The post has become a left wing rag, with ZERO credibility. It's the CNN of print media.And it's problems are self inflicted.
Confined · 56-60, M
They cancelled Dilbert. Bye washington poop.
SumKindaMunster · 51-55, M
@Confined To be fair everybody cancelled Dilbert, Scott Adams went off the reservation.
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graphite · 61-69, M
Maybe too many of their would-readers were slaughtered in the abortion mills that the liberal media loves so much? Oops. Leftists have not been reproducing (Bad for the environment, you know. Gotta stop climate change, the liberal media insists.). Chickens are coming home to roost for the leftist liberal media.
4meAndyou · F
WAPO certainly deserves to go out of business. They wouldn't know the truth if it arrived and bit them all in the nuts.
Reason10 · 61-69, M
@4meAndyou @4meAndyou Pretty much the case.
justanothername · 51-55, M
Contrary to popular right wing conspirators beliefs, Washington Posts financial woes are more a sign of the digital times than anything else. General public eyeballs are more interested in social media than old school news paper or tv news which means advertising is leaving news websites for social media sites. This kills news paper revenue. The other problem is that sites like FB keep all the revenue from news websites articles fir themselves.
justanothername · 51-55, M
@SumKindaMunster The digital world continues to evolve in ways that weren’t possible 20 years ago.
SumKindaMunster · 51-55, M
@justanothername I just don't buy it, they've known about that for some time...the whole point of Bezos buying the Post was to figure out how to compete in the digital world. They shouldn't be throwing up their hands now, they should be several years into their turn around plan.
justanothername · 51-55, M
@SumKindaMunster Snail mail is never going to compete with digital.
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sunsporter1649 · 70-79, M

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