The First Street Journal has reported, several times, on The Washington Post and its financial losses. We even suggested, perhaps a bit tongue in cheek, how to save the newspaper. This time, it’s The Wall Street Journal’s turn!
The Washington Post Is Limping Into Trump’s Second Term
Financial struggles, concerns over editorial strategy rattle staffers at Jeff Bezos-owned publication
By Alexandra Bruell | Friday, January 10, 2024 | 11:52 AM EST
Donald Trump’s return to the White House should be a moment for the Washington Post to shine. The news outlet has a rich history of hard-nosed political reporting, and its coverage of Trump’s first term led to a huge jump in readership.
But as the president-elect’s second term approaches, the Post is mired in financial challenges and internal drama.
Subscription and ad-revenue shortfalls are taking a toll on the business, which lost around $100 million last year, and leaders are struggling to convince staff that they have a clear editorial vision and continuing commitment to hard-hitting journalism, according to more than a dozen people close to the newsroom. Rivals have poached many top Post journalists in recent weeks, and are in talks with others. Continue reading