The Washington Post Is Taking a Dive

Posted on the 16 November 2024 by Phil's Stock World @philstockworld

In his most recent piece documenting the slow and steady rise of the right-wing media Wurlitzer and its impact on the 2024 election, TNR editor Michael Tomasky made a dire prediction. "I predict Sinclair or the News Corp. will own The Washington Post one day," he warned. "Maybe sooner than we think." It's a sad thing to say about the hometown newspaper that gave me my first job (I was 13 and was a paperboy), but the paper has the stench of a distressed asset these days. In the tumultuous period that followed the paper's decision to spike its endorsement of Kamala Harris, it lost 250,000 subscribers -10 percent of its readership.