The left-wing Washington Post is looking at a massive loss of $100 million this year as the paper appears to be suffering from its post-boom it enjoyed during the Trump years.
While the paper came under fire for avoiding honest reporting covering Biden’s scandals, its readers are quickly losing interest due to its lack of proper journalism.
Earlier this month, an IRS whistleblower’s attorney warned the Washington Post that it would face being complicit in Hunter Biden’s crimes if it remained silent on key issues.
As The Daily Fetched reported:
Hunter Biden’s attorneys accused IRS whistleblower Gary Shapley of illegally leaking insider information to the paper used in its October 2022 story titled, “Federal agents see chargeable tax, gun-purchase case against Hunter Biden.”
Biden’s attorney Abbe Lowell claimed Shapley provided “illegal leaks” of government information and said they “may be claiming that title [of whistleblower] in an attempt to evade their own misconduct” as part of “an obvious ploy to feed the misinformation campaign to harm our client, Hunter Biden, as a vehicle to attack his father.”
However, IRS whistleblower Shapley says he never contacted the Washington Post and demanded the paper speak up and confirm he wasn’t their source for the Hunter Biden leak.
Shapley’s attorney, Empower Oversight President Tristan Leavitt, called for the Post to come clean and tell the truth.
Now The Washington Post has bigger problems, and it’s not just the loss of the outlet’s credibility.
RedState reports:
The once-storied newspaper is staring at a massive $100 million loss in 2023 due to the continued hemorrhaging of subscribers following the 2020 election. Apparently, Joe Biden isn’t good for business. For four years, the Post feasted on a never-ending stream of stories surrounding Donald Trump as president. In more recent times, that hasn’t been nearly as lucrative, though.
Ten years after The Washington Post was purchased by Amazon founder and billionaire Jeff Bezos, the outlet is “on a pace to lose about $100 million in 2023,” according to a recent New York Times report.
Bezos took over the Post for $250 million in 2013, in one of the most significant media acquisitions of the last decade. The Post’s famous saying, “Democracy Dies in Darkness,” became the official slogan of the paper in 2017, under Bezos’ watch.
But it seems that even Bezos could not turn around The Post’s flagging popularity with readers.
“The Post had struggled to increase the number of its paying customers since the 2020 election when its digital subscriptions peaked at three million. It now has around 2.5 million,” The Times wrote in a story headlined, “A Decade Ago, Jeff Bezos Bought a Newspaper. Now He’s Paying Attention to It Again.”
READ: Trump Proven Right Again: FBI Records Reveal Joe Biden Is the “Big Guy”
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