btaf45@lemmy.world to News@lemmy.world · 1 year agoMorale plummets inside The Washington Post as staffers express alarm over publisher’s attempts to squash storywww.cnn.comexternal-linkmessage-square20linkfedilinkarrow-up1368arrow-down14cross-posted to: usa@lemmy.ml
arrow-up1364arrow-down1external-linkMorale plummets inside The Washington Post as staffers express alarm over publisher’s attempts to squash storywww.cnn.combtaf45@lemmy.world to News@lemmy.world · 1 year agomessage-square20linkfedilinkcross-posted to: usa@lemmy.ml
minus-squaretallinkfedilinkEnglisharrow-up15arrow-down1·edit-21 year agoYeah. Though…reading the numbers, it sounds like it was a pretty bad buy. https://en.wikipedia.org/wiki/The_Washington_Post In October 2013, the Graham family sold the newspaper to Nash Holdings, a holding company owned by Jeff Bezos, for $250 million.[7] https://www.nytimes.com/2023/07/22/business/media/jeff-bezos-washington-post.html The Post is on a pace to lose about $100 million in 2023, according to two people with knowledge of the company’s finances That’s a pretty large amount of money to be losing each year relative to the value of the company.
minus-squaresolrize@lemmy.worldlinkfedilinkarrow-up19·1 year agoYou could think of it as an expenditure (to control or at least steer the wider media narrative about news events) rather than a loss. $100/M for that is a pretty good deal, and quite affordable if you are Bezos.
minus-squareRiccosuave@lemmy.worldlinkfedilinkarrow-up8·1 year agoIt is quite literally about 24 hours worth of income for ol’ Jeff B.
minus-squareChicoSuave@lemmy.worldlinkfedilinkarrow-up4·1 year ago100 million a year for someone who has hundreds of billions. Yeah, he probably doesn’t mind.
Yeah. Though…reading the numbers, it sounds like it was a pretty bad buy.
https://en.wikipedia.org/wiki/The_Washington_Post
https://www.nytimes.com/2023/07/22/business/media/jeff-bezos-washington-post.html
That’s a pretty large amount of money to be losing each year relative to the value of the company.
You could think of it as an expenditure (to control or at least steer the wider media narrative about news events) rather than a loss. $100/M for that is a pretty good deal, and quite affordable if you are Bezos.
It is quite literally about 24 hours worth of income for ol’ Jeff B.
100 million a year for someone who has hundreds of billions. Yeah, he probably doesn’t mind.