Washington Post CEO Out: Bezos, Trump & Subscriber Loss

by Archynetys Economy Desk

He is replaced immediately by Jeff D’Onofrio, chief financial officer of the Washington Post since last year after a career in digital platforms and advertising, the newspaper announced.

The Briton Will Lewis, a former journalist who obtained a historic scoop at the end of the 2000s on the expenses of parliamentarians in the United Kingdom, was appointed with the mission of redressing the historic daily.

The Washington Post, which has to its credit the revelation of the Watergate scandal and multiple Pulitzer Prizes, has been in crisis for several years.

During Donald Trump’s first term, the newspaper did rather well thanks to its coverage deemed uncompromising. But when the Republican billionaire left the White House, reader interest waned and the results began to plummet. The newspaper has been losing money for several years, according to the press.

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Subscriber Hemorrhage

It suffered a hemorrhage of subscribers when its management refused to take sides before the 2024 presidential election, won by Donald Trump.

Many saw the hand of Jeff Bezos, who, three months later, appeared in the front row at Donald Trump’s inauguration ceremony, and whose Amazon group financed the documentary Melania dedicated to the first lady. Its companies have major contracts with the federal government, from data storage to space.

“Under my leadership, difficult decisions have been made to ensure a sustainable future for the Post, so that it can publish high-quality, nonpartisan news to millions of customers every day for many years to come,” said Will Lewis.

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Many of the foreign correspondents, including all of those covering the Middle East as well as those in Russia and Ukraine, have been fired. Sports, books, podcasts, local pages and infographics services are also particularly affected or almost completely eliminated.

“This is one of the darkest days in the history” of the newspaper, Martin Baron, former editor-in-chief of the newspaper and a figure in American journalism, lamented on Facebook.

In the United States as elsewhere, traditional media are in difficulty due to the decline in their advertising revenues and subscriptions, facing competition from social networks and online revenues which remain low compared to what printed advertising previously brought in.

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According to the Wall Street Journal, the Washington Post lost 250,000 digital subscribers after refraining from supporting the Democratic candidate and the newspaper lost about $100 million in 2024 due to falling advertising revenue and subscriptions.

However, some American national dailies like the New York Times and the Wall Street Journal have managed to recover, something the Post, even with a billionaire patron, has failed to do.

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