Washington Post on pace to lose 100 million dollars in 2023?

Washington Post set to lose '$100 million in 2023' one decade after Jeff Bezos bought the paper: Report

I read something about WaPo losing employees earlier in the week and the Turley column today made me think again about this. Figured it was worth a post.

So this is somewhat old news (as in this determination was made a couple of months ago). But the repercussions of the losses are now having an effect with WaPo announcing plans to layoff 240 employees, through buyouts, which is about 10% of their workforce. This coming on the heels of two other layoffs over the past few months.

This is one of those situations where you want to declare that it couldn't have happened to a more deserving bunch of characters. WaPo along with the NYT have over just the past decade or so completely destroyed the reputation of print media in general. While I don't believe they are losing money on purpose, they seem to have a pretty basic understanding of why and they continue to acknowledge it, albeit begrudgingly. Quite obviously it is liberal bias.

But what is the Washington Post doing to combat their problems and try to stave off more losses? Well nothing much tangible. Like CNN, they talk a good game, but when push comes to shove they simply do not actually change. Just in the past few weeks WaPo publicly stood by their crazy-assed conspiracy theorist Philip Bump, who makes Paul Krugman look sane in comparison. A man so crazy that he actually believes writing for the Washington Post makes him more credible than facts. As he recently stated when confronted with irreputable proof that his stories were wrong, he simply suggests that he was going to "lose his mind" because people simply refuse to listen to "him" (not the facts). Not sure what sort of psychosis this is, but some form of delusional narcissism is my best guess.

There are other problems for traditional print media. Perhaps their only option at this point is to turn into a full scale national inquirer style politically biased left wing tabloid. They can talk about conspiracies with Donald Trump and Tucker Carlson and corner the market with the far left crazies. But the idea of becoming a bona-fide hard firing newspaper that provides their readership with unbiased news coverage does not look like it is in the cards.