If the world’s second richest man can’t (or won’t) save you, you’re in trouble. And that’s the situation with this media rag.
The “woke” Washington Post now faces real-world problems. As Max Tani explains,
In a memo to staff, Washington Post CEO Patty Stonesifer says 120 employees have accepted buyout packages. If the paper doesn’t find another 120 people who will accept buyouts in the next two weeks, it will implement layoffs.
In a memo to staff, Washington Post CEO Patty Stonesifer says 120 employees have accepted buyout packages. If the paper doesn't find another 120 people who will accept buyouts in the next two weeks, it will implement layoffs. pic.twitter.com/ztdZwVz5WD
— Max Tani (@maxwelltani) November 28, 2023
Only a month or so ago, Politico published an article exclaiming how Marty Baron and Bezos turned around the Washington Post.
In that time, Marty clashed with then-President Donald Trump.
He pacified rebellions from his younger and increasingly more ideological staff. And he partnered with Washington Post owner Jeff Bezos to take on arguably the biggest disrupter of all: technology.
He’s written about all of this — and a lot more — in his new book, Collision of Power: Trump, Bezos, and The Washington Post.
Today, Marty is joining Playbook co-author and Deep Dive host Ryan Lizza to spill the tea on what actually happened between Bezos and Trump; what the media should be doing to earn your trust; and whether billionaires like Jeff Bezos are secretly pulling the strings behind closed doors.
How’s that for self-congratulatory Leftist BS from Politico and Marty Baron. His book wouldn’t even make good toilet paper. I guess this explains how Leftists so readily credit Joe Biden turned around Trump’s economy?
Highest inflation in decades, wars on multiple continents, downgrade of America’s credit, and soaring trade deficits are progress for progressives.
The question begs, “Why has Bezos abandoned his attack dog media platform?”
After all, Bezos bailed out WaPo almost a decade ago. He purchased the failing outlet solely in his effort to stop Donald Trump. He used WaPo as a Trump-smashing machine back then. What’s changed?
WaPo even has a fem…uh, a wom…well what used to be an obvious woman CEO. And what has that “woke” policy gotten them? Another analysis for another day.
Meanwhile, the organizations whose motto is “Democracy dies in the darkness” is dying under the bright sun. And WaPo explains its own problems:
The warnings came much earlier in the year when Axios wrote of imminent cuts at WaPo:
The Washington Post has been bracing for layoffs. The Jeff Bezos-owned company is expected to cut a single-digit percentage of its workforce soon, as announced by the paper’s publisher and CEO in December.
But WaPo wasn’t the only media outlet feeling the pain. Axios detailed other media outlets who are struggling:
Details: After a rough winter with cuts at entertainment giants like Warner Bros. Discovery and Disney, digital media brands like Morning Brew and Vice Media and newspapers like Gannett, more media companies started the year with news of layoffs.
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- Adweek, a trade publication covering the ad industry, told staff it was cutting about 10% of its workforce, impacting 14 people.
- Vox Media, which owns The Verge, Thrillist and New York magazine, laid off 7% of its staff. That amounts to about 133 roles.
- Fandom, an entertainment news company, laid off workers across some brands it had acquired last year including Giant Bomb, GameSpot and Metacritic. The company had employed fewer than 500 people and the cuts affected less than 10%, per Variety.
- NBC News and MSNBC laid off about 75 staffers across divisions, per Adweek. These cuts followed a broader structural reorganization.
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Clearly media is suffering, as the public continues to revolt against fake news. But most of these outlets don’t have Daddy Warbucks as their owner. What gives, Jeff Bezos?
Like me, others wonder why the world’s second richest man won’t continue to pump money into WaPo. He only paid $250 million for the media outlet, a far cry from the $44 billion Elon Musk plopped down for Twitter. What Bezos paid for WaPo is chump change for these two juggernauts.
What if Elon Musk bought WaPo? And for the measly $250 million Bezos paid for it?
My bet is Bezos would sell it. Fast. And for half that.
Bezos just left Seattle due to taxes. He moved to the free state of Florida. And rumors are that he’s relocating some of Amazon to the Miami area as well.
Something tells me that Bezos has found conservative religion. Certainly all signs point to it.
