The Washington Post's web traffic has plummeted since 2021, with digital readership down nearly 90%.
The outlet, owned by billionaire Jeff Bezos, had around 22.5 million daily active users as of January 2021. According to To semaphor. However, by mid-2024, that number had fallen to just 2.5-3 million. (Related: Journalists at multiple major news organizations come under fire from left and right)
Corporate media revenues have also declined significantly. decreased From $190 million in 2023 to $174 million in 2024. On Tuesday, the Post began cutting about 4% of its workforce in an effort to improve its financial health. reveal In May, it announced it had lost $77 million last year.
The newspaper lost more than 200,000 subscribers in October alone due to its decision not to endorse presidential candidates. Bezos reportedly crushed Endorsed by Harris.
The decision led to the resignation of numerous Post officials who had supported Vice President Kamala Harris, including editor-in-chief Robert Kagan and journalists David E. Hoffman and Molly Roberts.
🚨BREAKING NEWS: Failing newspaper The Washington Post has laid off 4% of its employees as the far-left paper tries to limit its multi-million dollar annual losses.
Wake up, break it!
— Proud Elephant 🇺🇸🦅 (@ProudElephantUS) January 7, 2025
Sally Buzbee, the Post's top editor, said: resigned June, three years after taking office. The newspaper did not publish the reason for Buzbee's departure or a written statement, but her departure was reportedly prompted by her opposition to Lewis' reorganization plan.
After the November presidential election, Josh Dorsey; tyler pager. Veteran opinion columnist Jen Rubin is also reportedly leaving the media to start a new publication with President Joe Biden's ethics coach Norm Eisen (CNN) reported Monday.
Jeff Bezos' net worth is over $230 billion, According to I posted it on Forbes and bought the post. graham family In 2013 it was $250 million.
The Amazon founder joins Meta CEO Mark Zuckerberg, Apple CEO Tim Cook, and Google and Alphabet CEO Sundar Pichai. He was one of many tech titans to congratulate President-elect Donald Trump following his November victory. Bezos also reportedly donated $1 million to President Trump's inaugural fund in December.
The Post did not immediately respond to a request for comment.
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