The Washington Post has been hemorrhaging subscribers and web traffic for years. Late last year, the paper conducted yet another round of layoffs, impacting hundreds of employees.
Jeff Bezos purchased the paper for $250 million a decade ago, and last year alone, it managed to lose roughly $100 million. This is not a profitable venture, and in normal circumstances, businesses that lose this much money don’t stay around very long. But the Washington Post has stuck around. Jeff Bezos has kept it on life support to fulfill a specific mission, which is to harangue and censor independent voices on behalf of Jeff Bezos’ donors in the Democratic Party.
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