All errors should be reported to DonSurber@gmail.com

Tuesday, August 30, 2022

NYT gleefully reports WaPo woes

The Washington Post is losing money and none are happier than the staff at NYT. Ever since WaPo  scooped in 1971 to publish classified material on Page One in the Pentagon Papers caper, the two have battled to be the Newspaper of Record.

Today, NYT reported, "Frustrations Mount at Washington Post as Its Business Struggles

"With digital subscriptions and digital advertising revenue stagnating, the company is on pace to lose money this year."

The bottom line is the end of the Trump presidency hurt WaPo's bottom line.

The story began, "In the years after Jeff Bezos bought The Washington Post in 2013, business boomed. Droves of readers bought digital subscriptions, and the newsroom roughly doubled in size, adding hundreds more journalists.

"But The Post’s business has stalled in the past year."

The end of the Trump presidency ended the media brief renaissance in audiences and advertising.

WaPo is on track to post a loss this year. Fred Ryan, the chief executive and publisher, may drop its newsroom staff from 1,000 down to 900 -- still well above where it was when Bezos bought it nearly a decade ago.

The story said, "The Post now has fewer than the three million paying digital subscribers that it had hailed internally near the end of 2020, according to several people at the organization. Digital ad revenue generated by The Post fell to roughly $70 million during the first half of the year, about 15% lower than in the first half of 2021, according to a recent internal financial document reviewed by The New York Times."

Well, things are tough all over, right?

The story said, "The New York Times and The Wall Street Journal have added subscriptions since Mr. Trump left office."

The in-fighting has begun.

The story said, "The downturn at The Post has set off frustration internally. Some top executives are concerned that Mr. Ryan, picked by Mr. Bezos to be the publication’s top business executive, hasn’t moved decisively enough to expand coverage. Some have also become irritated by the company’s halting marketing efforts, which are guided by Mr. Ryan, and inconclusive talks about acquiring another large news organization.

"Mr. Ryan’s focus on productivity and office attendance in the newsroom has also been a source of tension. He has expressed his belief to members of his leadership team that there were numerous low performers in the newsroom who needed to be managed out. He has monitored how many staff members come into the office, and has weighed new measures to compel people to return to work, including threats of firings, according to several people at The Post."

He sounds fun.

Then again, showing up for work is not a tough requirement.

Sally Buzbee, executive editor, told NYT that she plans to hire another 150 employees and top 5 million subscribers by 2025. That would be a 67% increase in just 3years. Sounds like she is banking on a second Trump presidency.

She said, "There’s no question that we need to diversify what people come to us for. That’s our whole strategy."

I won't be so gauche as to suggest it hire a few pro-Trump columnists. Heck, we don't need no steenking newspapers because we can make more money on our own on the Internet.

No, WaPo needs to diversify what it offers. News is boring. I suggest WaPo offer what DC readers really want: an OnlyFans-style section for drag queens. Maybe it can run serialized versions of Gender Queer and other books conservatives object to having in school for pre-teens.

But NYT reported its rival is addicted to Trump.

The story said, "The Post’s efforts to diversify its journalism beyond political coverage extends back until at least the summer of 2016. At that time, senior editors considered a plan that would expand the newspaper’s coverage to temper a decline in readership during what they thought would be the presidential administration of Hillary Clinton, according to two people with knowledge of the proposal.

"The plan, code-named Operation Skyfall, was set aside after Mr. Trump won the presidential election.

"As the importance of moving beyond Washington coverage became more urgent over the past year, Mr. Ryan has given some mixed signals about how ambitiously he wanted to move."

In moving heaven and Earth to dethrone Trump, WaPo and the rest of the media killed their golden gander. The media's unwillingness to treat Biden like they treated Trump has led to a loss of interest by the American public. 

Ah, Trumpenfreude. Sure WaPo got a few Pulitzers out of smearing him. But Pulitzers don't pay the bills.

29 comments:

  1. The Wapoo is going down.
    But so is the NYT. Watching the final slide is going to be interesting.

    ReplyDelete
    Replies
    1. Going down like our VP on an influential politician.

      Delete
    2. C'mon Master of Lard, there's no way she could blow that!!!

      Delete
    3. No it isn't. Bezos has plenty of money to keep it gong. He doesn't care about profit. WaPo is strictly for producing propaganda.

      Delete
    4. Kamala, pronounced que mala, Spanish for 'that sucks'

      Delete
  2. The NYT would love to think that the Post is under financial pressure. I'm not buying it.

    As long as the Post doesn't lose (too much) money, Jeff Bezos probably doesn't care. The paper is his plaything, his corporate and political protection mechanism against people looking too closely at his questionable business practices (warehouses operated like sweatshops, bamboozling the US Post Office into delivering his company's goods at a loss, aggressively pushing back against unionization efforts, etc.).

    ReplyDelete
  3. I'd like to care, really I would, but I don't. All self-inflicted wounds. I am surprised to learn that the Washington Post has a staff of 1,000. That is bloated in my opinion. My only advice is try doing good journalism. Oh wait, that is no longer how it's done. Oh well. Trump told them how they would do after he was gone.

    ReplyDelete
  4. Randy says: All of the comments from this morning’s Highlights have disappeared. Very curious.

    ReplyDelete
    Replies
    1. That pisses me off ! Reading Don's blog and the comments is something I really look forward to every evening. 😠😠

      Delete
    2. I noticed that too. Please tell us Don if something happened.

      Delete
    3. I hope you didn't say " Google, hit that button"!!!

      Delete
  5. That Buzbee quote made me think the same thing -- D's public relations arm may work to undermine D's in 2024....Every man for himself, to hell with women and children.

    ReplyDelete
  6. Ah, hubris... that the Wash. Post and NY Times think they have standing. The old episodes of F-Troop are superior.

    ReplyDelete
    Replies
    1. "The two have battled to be the Newspaper of Record"...I know a lot of people, and have never, ever met one single person that has referenced either of these piece of shit rags! Now The PICAYUNE, that's journalism. I trust Bullwinkle over any of these douchebags. The only thing that keeps those shit shows relevant are the people that quote and reference them. Otherwise, they would just float off into no where with the few leftist, democrat, progressive, assholes that actually read it...

      Delete
  7. I haven't seen much evidence of WaPo having any journalists on staff, let alone having hired hundreds more.

    ReplyDelete
  8. Sounds like people are being told to get off Twitter and produce. After all any bum in her PJs can expound on Twitter.
    -Mikey NTH

    ReplyDelete
  9. The NYT hid the horror of the Nazis. Had a reporter in bed with Stalin to hide the genocide. They received multiple prizes for their lies. I am sure they are now in bed with all the muslim terrorist groups, Iran, Syria and the rest. You have to be a total moron to subscribe to the NYT or any news feed. The truth is always last on their list regardless of the provider.
    Bob in Central NY

    ReplyDelete
  10. Why has the Washington Post been on the TARP (Troubled Asset Relief Program) contract list, providing “administrative support” since 2008. What is WaPo giving the government in return? The amount of pork dolled out to, seemingly, every law firm in the Beltway is mind boggling. Billions of dollars have been paid out in fees to lawyers, IT companies, corporate support services, etc. How many relatives of Congress are profiting from TARP?

    https://home.treasury.gov/system/files/256/2022-07-July-Monthly-Report-to-Congress.pdf

    ReplyDelete
  11. I never will use either the NYT or WaPo for my bird cage. Both leave stains. And, more importantly, even if we have another toilet paper shortage I will not use either yellow rags for the same reason.

    Both "pubic"ations have given up their constitutional protections of free speech and freedom of the press. Neither one deserves any future protections. Shame on both and a Pox on their owners. Chose your own strain or Pox.

    ReplyDelete
  12. As long as you continue to order from Amazon, the Washpo will flourish. But you simply MUST have your 2 day shipping.

    ReplyDelete
    Replies
    1. I try to buy from multiple sources now but all the big companies are the same.

      Delete
  13. All of them rags are failing and rightfully so.

    ReplyDelete
    Replies
    1. I have a digital subscription to the Baltimore Sun - Six months for one dollar. NY Times subscriptions can be had for $4 a month. These publications are practically begging people to subscribe.

      Delete
  14. Trump was right again.

    ReplyDelete
  15. Newspapers are money losing, subsidized political operations. Even more so in the digital age.

    ReplyDelete
  16. Digital subscribers? It’s comical how easy it is to bust through the WaPo online paywall.

    ReplyDelete
  17. I guess Bezos will have to call in a favor at the FBI so they raid another Trump related location to keep The Donald in the headlines. I believe Amazon has a lot of government contracts for storing data.

    ReplyDelete
  18. Well good. Now if people would just stop buying the cheap China made goods predominate on Amazon, perhaps Bezos will just go away.

    ReplyDelete
  19. How many of the digital subscriptions were bot accounts paid for by three leter agencies?

    ReplyDelete