As you may have heard, the Washington Post is in a hole financially and it has been for some time. That’s according to publisher Will Lewis:
In a presentation to employees on Wednesday morning, Post publisher Will Lewis painted a stark picture of The Post’s finances, revealing that the publication has lost $77 million over the last year and has been bleeding digital readers for several years. “To speak candidly: We are in a hole, and we have been for some time,” he said.
And just last week the Post reported on Jeff Bezos’s attempt to reshuffle things at the paper in a way that might produce better results.
What Bezos wants from and for The Post has remained the compelling question through a week of internal turmoil, during which his handpicked new publisher and CEO, William Lewis, abruptly replaced the newspaper’s first female executive editor and announced a reorganization…
