Washington Post crisis intensifies with profit pressures from owner Jeff Bezos, managing editor's resignation, and internal confli...
The prestigious Washington Post is in crisis, with pressure on from owner Jeff Bezos to change its money-losing ways.
Lewis was asked to turn around a newspaper that continues to pile up Pulitzer Prizes half a century after the Watergate scandal it instigated, but which has lost $77 million in 2023 despite job cuts and the disappearance of its Sunday supplement. The Post was among trusted news outlets that benefited from the upheaval that marked Trump's four years in the White House that ended with his loss to President Joe Biden.
"When Donald Trump left the White House, the Trump bump that helped a lot of newspapers disappeared," Kennedy said.By the end of 2022, the Post would have 2.5 million subscribers compared with 3 million subscribers when Biden took office in early 2021, according to the Wall Street Journal. Buzbee is said to have disagreed with Lewis's strategy to split the editorial department into three divisions: news, opinion, and a new third unit devoted to social media and service journalism.
However, articles in the New York Times and the Post pointed to questionable methods employed under his watch and that of former colleague Robert Winnett, whom Lewis chose to replace Buzbee.
Jeff Bezos Profit Pressure William Lewis Newspaper Management US Media Landscape
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