WHAT A SHAME: The Liberal Washington Post is on Track to Lose $100 Million in 2023

The Washington Post is taking a look at a huge loss of $100 million in2023 The paper experienced a boom throughout the Trump years however Joe Biden has actually been horrible for company.

Of course, the paper might have prevented a few of this by reporting truthfully and covering Biden’s scandals with the very same energy that they consumed over Trump, however they’re not going to do that.

Progressives have actually destroyed this as soon as extremely appreciated company.

RedState reports:

The Washington Post Is Facing a Financial Buzzsaw

The Washington Post has huge issues, and this time, it’s not simply the loss of the outlet’s trustworthiness, though that’s an evergreen problem.

The once-storied paper is gazing at an enormous $100 million loss in 2023 due to the ongoing hemorrhaging of customers following the 2020 election. Obviously, Joe Biden isn’t helpful for organization. For 4 years, the Post delighted in a perpetual stream of stories surrounding Donald Trump as president. In more current times, that hasn’t been almost as financially rewarding.

10 years after The Washington Post was acquired by Amazon creator and billionaire Jeff Bezos, the outlet is “on a speed to lose about $100 million in 2023,” according to a current New York Times report.

Bezos took control of the Post for $250 million in 2013, in among the most considerable media acquisitions of the last years. The Post’s popular stating, “Democracy Dies in Darkness,” ended up being the main motto of the paper in 2017, under Bezos’ watch.

But it appears that even Bezos might not reverse The Post’s flagging appeal with readers.

” The Post has actually had a hard time to increase the variety of its paying consumers because the 2020 election, when its digital memberships peaked at 3 million. It now has around 2.5 million,” The Times composed in a story headlined, “A Decade Ago, Jeff Bezos Bought a Newspaper. Now He’s Paying Attention to It Again.”

The Washington Post has actually ended up being a punchline.

Remember when this news outlet ran a multimillion dollar Super Bowl advertisement told by Tom Hanks about how their reporting safeguards our democracy? https://t.co/np71 PAWmXm

— Oilfield Rando (@Oilfield_Rando) July 22, 2023

It’s quite unfortunate.

The post WHAT A SHAME: The Liberal Washington Post is on Track to Lose $100 Million in 2023 appeared initially on The Gateway Pundit

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