Washington Post has a slight problem with profitability

https://x.com/LeadingReport/status/1744858764975456322
53
Jump in the discussion.

No email address required.

How the frick?


https://i.rdrama.net/images/17304224106036086.webp FUS-RO-DANCE ON RIGHTOID GRAVES

Jump in the discussion.

No email address required.

https://i.rdrama.net/images/17048997437979052.webp

https://i.rdrama.net/images/17048997439864821.webp

https://www.washingtonpost.com/public-relations/audience-traffic

That is just visitors. Also they stopped releasing this info (hence 2022 numbers), otherwise I would have used a more up-to-date example.

At the staff-wide meeting, Stonesifer said that while the company had broadly projected continued growth, it instead saw major declines across its business. The number of digital subscribers, currently 2.5 million, had dropped more than 15 percent since 2021, and the overall digital audience has declined by 28 percent over the same period.

https://www.washingtonpost.com/style/media/2023/10/11/washington-post-buyouts-metro-cuts

https://i.rdrama.net/images/17027962830329206.webp

Jump in the discussion.

No email address required.

I have to imagine they knew they'd fall off after an election year.


:#marseyastronaut:

Jump in the discussion.

No email address required.

Complete opposite actually. The article I linked is about how WaPo had to make cuts after rapid expansion.

Over the past few years, The Post significantly expanded its technology and investigative teams, and created new departments to focus on climate and wellness coverage.

But there were indications about a year ago that The Post, and particularly the newsroom, may have grown too large too quickly β€” at a time when the entire media world has struggled with economic challenges and a downturn in consumer interest. No segment of the news industry has been immune: NPR laid off about 10 percent of its staff this year; CNN laid off hundreds of employees late last year; Gannett has gone through several rounds of layoffs; and Spotify eliminated 200 positions, mostly in its podcast division, this summer.

After The Post eliminated its stand-alone Sunday magazine, Ryan told employees in December that the company would eliminate a β€œsingle-digit percentage” of its 2,500-person workforce through layoffs in early 2023.

Jump in the discussion.

No email address required.

CNN laid off hundreds of employees late last year

How the frick do they even have hundreds of employees? They have about two correspondents per continent. They need three shifts of people running the booth, maybe 20 anchors, and a few editors. How the heck do they even have 200 full time staff?

It would be one thing if it was an actual 24 hour news channel but it's not. It's just a panel discussion of whatever Trump did that day. Yesterday they completely ignored the coup in Ecuador because they're not equipped to deal with anything unexpected.

It's really just a bloated youtube channel at this point.

Jump in the discussion.

No email address required.

YouTube channels with one guy cover more than cnn on any given day

Trans lives matter

Jump in the discussion.

No email address required.

Marketing is my least favorite part of the job but I feel like there had to be enough of my level of r-slur in the company to call out the obvious. I guess not?


:#marseyastronaut:

Jump in the discussion.

No email address required.

DEI

Jump in the discussion.

No email address required.

From 2020 too 2022 the hires of s and p 500 companies were 6% white.

Trans lives matter

Jump in the discussion.

No email address required.

Orange man out of office

Jump in the discussion.

No email address required.

Link copied to clipboard
Action successful!
Error, please refresh the page and try again.