- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Deterioration of the Washington Post’s subscriber base continued on Tuesday, hours after its proprietor, Jeff Bezos, defended the decision to forgo formally endorsing a presidential candidate as part of an effort to restore trust in the media.
The publication has now shed 250,000 subscribers, or 10% of the 2.5 million customers it had before the decision was made public on Friday, according to the NPR reporter David Folkenflik.
A day earlier, 200,000 had left according to the same outlet.
The numbers are based on the number of cancellation emails that have been sent out, according to a source at the paper, though the subscriber dashboard is no longer viewable to employees.
It’s good to see the system working like it should for the free press for once; they made a terrible decision and they’re paying for it. Now, if we can just collectively turn our backs on all the disreputable sources and start promoting the reputable ones, we might fix a broken system.
A little like it should. Maybe it culminates in at least a temporary drop to the tune of 15-20%. Maybe $50 million dollars of lost revenue a year, assuming people stay pissed (and they frequently get over it, or some MAGA people decide to reward the outlets refusal to get behind Harris). Let’s get super pessimistic and assume it totally tanks, and the first number I could find was about $600 million in annual revenue, so Bezos is out a bit over half a billion if this completely blows.
Just one of Trump’s tantrums cost Bezos $10 Billion in revenue for Amazon. Burning the paper to the ground would be worth it to spare Bezos Trump’s wrath moving forward.