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‘I can’t sugarcoat it anymore’: Mainstream media giant panicking in financial freefall

By WND Staff

 

‘We are losing large amounts of money. People are not reading your stuff’

Legacy media publications across America like the Washington Post have been in a relative freefall for some time already, partly because of the explosion of internet news.

But there have been other factors involved, too: The abrupt drift away from neutrality where some so-called experts are now demanding story writers advocate for the politically correct, those who say there’s no need for “another side” information.

And then there’s the social agendas that have been slammed into newsrooms without regard to their impact on the reporting.

There appears to be a bit of many factors at work now at the Post, the latest outlet to confirm huge problems.

A report at the New York Post pointed out there was an all-hands meeting at the Post, with its CEO Will Lewis, after the sudden departure of executive editor Sally Buzbee.

And it was a “clash,” the report said.

It pointed out that under Buzbee, the publication last year lost $70 million, and it has had audience declines of 50% since 2020.

Lewis had announced a new scheme to divide the newsroom into three sections, and Buzbee said that didn’t work for her.

The company announced the new interim executive editor will be Matt Murray, who previously worked at The Wall Street Journal, but Robert Winnett, another veteran of the U.K.’s Telegraph Media, will take over after the election this fall…

READ FULL ARTICLE HERE… (wnd.com)

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