Can we write this larger for all legacy media?
https://www.nytimes.com/2023/07/22/business/media/jeff-bezos-washington-post.htmlThe Post is on a pace to lose about $100 million in 2023, according to two people with knowledge of the company’s finances; two other people briefed on the situation said the company was expecting to miss its forecasts for ad revenue this year. They spoke on the condition of anonymity to discuss internal financial matters. The Post has 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.
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But after an initial surge of interest that lasted several years, and following his decision to step down as Amazon’s chief executive, Mr. Bezos receded somewhat at The Post, according to two people familiar with his interactions with the newsroom.
That changed in January, after Ms. Buzbee spoke with Mr. Bezos and conveyed an urgent message: Morale was low at The Post. Much of it, she said, stemmed from missteps by the newspaper’s chief business executive, Mr. Ryan, according to two people familiar with her remarks.
