We’ve seen this happen at other major papers. Earlier this year the LA Times had layoffs that impacted about 20 percent of the staff. The union held a walkout over the cuts which accomplished absolutely nothing. Basically they were demanding that the billionaire owner keep writing checks of up to a million dollars per month to keep the paper afloat despite there being no sign that it was ever going to make a profit at that staffing level. It was like watching spoiled adult children demand that mom and dad keep paying their rent.
Things are looking at least as bad at the Washington Post which reportedly lost $77 million over the last 12 months. And that wasn’t even the worst part.
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…
