The liberal newspaper the Washington Post is losing money at a record pace. They’re projected to lose a whopping $77 million this year alone and that was before they lost a ton of subscribers when owner Jeff Bezos decided not to endorse Kamala Harris in the 2024 election.
How could such an institution, such an iconic brand be losing so much money? Maybe it has something to do with WaPo columnists like Jen Rubin, who recently declared that Republicans want to kill your children.
Liberal media outlets are suffering decline across the board right now, but these numbers from the Washington Post are indicative of a doom spiral.
FOX News reports:
Washington Post set to lose $77 million this year even before boycott erupted over non-endorsement: Report
The Washington Post was already in financial trouble even before the recent boycott movement that erupted against the paper.
A report from New York Magazine’s Intelligencer shed light on a recent meeting at The Post newsroom where the top brass revealed that the paper was on pace to lose a whopping $77 million this year, a figure that does not even include the staggering 250,000 subscribers it lost over its last-minute decision by billionaire owner Jeff Bezos to not endorse Vice President Kamala Harris in the final days of the presidential race.
“[It’s] not a surprise at all,” one Post staffer told Fox News Digital in reaction to the report. “It means ‘buckle up.’”
Notably, the $77 million in reported losses mirrors the exact figure Washington Post publisher Will Lewis said in May the paper lost over the prior year.
The Intelligencer cited other staffers, one saying “The level of anger is through the roof, and fear is also through the roof.”
It appears that the only thing keeping the Washington Post afloat at this point is the fact that Bezos is a billionaire.
The Washington Post is losing $77 million a year. It appears to survive in its current form based on Bezos’ bottomless pockets.
If the media is going to talk about billionaire power, they should note there’s little market for what they’re providing and it’s the public’s fault. pic.twitter.com/EmtuttMt0y
— Richard Hanania (@RichardHanania) November 19, 2024
What happens when Bezos decides to stop writing checks for this losing venture?
Mike LaChance has been covering higher education and politics for Legal Insurrection since 2012. Since 2008 he has contributed work to the Gateway Pundit, Daily Caller, Breitbart, the Center for Security Policy, the Washington Free Beacon, and Ricochet. He has also written for American Lookout, Townhall, and Twitchy.
You can email Mike LaChance here, and read more of Mike LaChance’s articles here.
