The Washington Post, the dominant but least credible newspaper in Washington, D.C., lost $77 million in 2023.
As the website Unleash Prosperity Hotline noted: “It seems that The Post is in a race with the Los Angeles Times and CNN (which lost $400 million last year) to see which news outlet can go bankrupt first. “
No other business operates like the journalistic establishment. TV ratings are down. Newspaper losses are up. Public trust in the media is at an all-time low as reflected in Gallup and other polls. As Pete Seeger sang in a totally different context a half century ago “We’re waste deep in the Big Muddy and the big fool said to push on.”
Journalism, if we can still call what increasingly reflects advocacy and not reporting, is the only business of which I am aware that doesn’t care what a sizeable demographic thinks about it. Media…
