{"id":1981851,"date":"2023-07-24T23:32:02","date_gmt":"2023-07-25T03:32:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jeff-bezos-washington-post-set-to-lose-100-million-this-year-40-of-250-million-he-paid-for-it-a-decade-ago-report-2\/"},"modified":"2023-07-24T23:34:38","modified_gmt":"2023-07-25T03:34:38","slug":"jeff-bezos-washington-post-set-to-lose-100-million-this-year-40-of-250-million-he-paid-for-it-a-decade-ago-report-2","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jeff-bezos-washington-post-set-to-lose-100-million-this-year-40-of-250-million-he-paid-for-it-a-decade-ago-report-2\/","title":{"rendered":"Jeff Bezos&#8217; Washington Post to lose $100M this year, 40% of its purchase price."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjeff-bezos-washington-post-set-to-lose-100-million-this-year-40-of-250-million-he-paid-for-it-a-decade-ago-report-2%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1981851&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The Washington Post Faces Significant \u2062Losses, Threatening Bezos&#8217; \u2063Investment<\/h2>\n<p>The\u200c Washington \u200cPost, a renowned newspaper acquired by Jeff Bezos almost a decade ago, is projected to suffer a staggering $100 million loss in 2023. This amounts to\u200d nearly 40 percent of the $250 million Bezos initially paid for the company.<\/p>\n<p>According to a report from <a href=\"https:\/\/www.nytimes.com\/2023\/07\/22\/business\/media\/jeff-bezos-washington-post.html?searchResultPosition=1\">The New York Times<\/a>, one\u200d of the main reasons behind this decline in revenue is the Post&#8217;s struggle\u200b to increase its number of paying customers since\u200c the 2020 election. While the newspaper reached its peak of three million digital subscriptions during that time, it has since\u200b dropped\u2062 to 2.5 million.<\/p>\n<p>Bezos made \u2063headlines when he <a href=\"http:\/\/online.wsj.com\/article\/SB10001424127887324653004578650390383666794.html\">purchased<\/a> this iconic broadsheet in 2013, \u200cmarking one of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jeff-bezos-washington-post-set-to-lose-100-million-this-year-40-of-250-million-he-paid-for-it-a-decade-ago-report\/\" title=\"Jeff Bezos' Washington Post to lose 0M this year, 40% of its purchase price.\">largest media acquisitions<\/a> in American history. Following Donald Trump&#8217;s victory in 2016, the Post adopted the slogan &#8220;Democracy Dies in Darkness&#8221; and became a vocal critic of the former president&#8217;s administration.<\/p>\n<p>Despite Bezos&#8217; substantial wealth, the former Amazon CEO has struggled to reverse the Post&#8217;s declining profits. Frustrated with the company&#8217;s lack of growth, a source close \u200bto Bezos revealed that his interest in \u200bthe paper had diminished.<\/p>\n<p>However, the situation reportedly changed when the executive editor, Sally Buzbee, personally reached out to Bezos in January to express her\u2063 concerns. The \u2063Times reported that Buzbee conveyed an urgent message about low morale at the Post, attributing it to missteps by \u200bthe newspaper&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jeff-bezos-washington-post-set-to-lose-100-million-this-year-40-of-250-million-he-paid-for-it-a-decade-ago-report-2\/\" title=\"Jeff Bezos' Washington Post to lose 0M this year, 40% of its purchase price.\">chief business executive<\/a>, Fred Ryan.<\/p>\n<p>Since \u200dthis conversation, Bezos has taken a renewed interest in the company and its internal affairs. He\u2062 even made a rare \u200bappearance in the newsroom, attending a\u200c <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/two-cops-slain-after-getting-lured-into-apparent-ambush-by-phony-911-call\/\" title=\"Two Cops Slain After Getting Lured Into Apparent Ambush By Phony 911 Call\">morning news meeting<\/a> and meeting with \u200bseveral Post journalists. During these interactions, employees expressed their concerns \u200cabout Ryan&#8217;s missteps and \u200cthe paper&#8217;s\u2063 direction.<\/p>\n<p>Ryan eventually <a href=\"https:\/\/www.westernjournal.com\/washington-posts-top-boss-leaving-paper-reagan-foundation-job\/\">left<\/a> the company in June to\u200b join the Reagan Foundation. The circumstances surrounding \u2063his departure remain \u200cunclear, with some speculating that Bezos grew impatient and sought fresh leadership.<\/p>\n<p>In response to these developments, interim executive Patty Stonesifer expressed optimism about the future of The Washington Post. She stated, \u2062&#8221;I&#8217;m \u200bvery enthusiastic about what we can do here at <a href=\"https:\/\/www.westernjournal.com\/washington-post-slammed-marking-memorial-day-perverse-front-page\/\">The Washington Post<\/a> in the decade ahead. Jeff&#8217;s second decade of ownership of The Post should be even more exciting.&#8221;<\/p>\n<p>Earlier this year, there were rumors that Bezos might sell the company to finance a bid for \u200dthe NFL&#8217;s Washington Commanders. However, a spokesperson for Bezos <a href=\"https:\/\/edition.cnn.com\/2023\/01\/23\/media\/washington-post-jeff-bezos\/index.html\">denied<\/a> these claims,\u2062 asserting that the Post is not\u2062 and has never been for sale.<\/p>\n<blockquote>\n<h3>Jeff Bezos&#8217; Washington Post Set to Lose $100 Million \u200cThis\u200c Year \u2013 40%\u200d of $250 Million He Paid for It A Decade Ago: Report<\/h3>\n<\/blockquote>\n<p>The post appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.westernjournal.com\">The Western Journal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Washington Post is projected to lose $100 million in 2023, nearly 40% of the $250 million Jeff Bezos paid for it ten years ago. A report by The New York Times states that the company&#8217;s revenue decline is primarily due to its ongoing difficulties in generating profits.<\/p>\n","protected":false},"author":2195,"featured_media":1981852,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[548],"tags":[],"class_list":["post-1981851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conservative-news-daily"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1981851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2195"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1981851"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1981851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1981852"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1981851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1981851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1981851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}