The British invasion continues. By the end of the year, the Wa Post will become one more newsroom, along with The Wall Street Journal, CNN, and Bloomberg to be run by a British news executive.
Irrelevant, immaterial, and incorrect.
The WSJ, for example, is run by a lifelong Journal employee, Almar Latour, a graduate of Indiana University.
The Post publisher and CEO William Lewis is from England but he has to answer to Jeff Beezos who pays the bills.
And as Lewis explained in a staff meeting the bills are overwhelming.
We are going to turn this thing around, but let us not sugarcoat it. It needs turning around.
We are losing large amounts of money. Your audience has halved in recent years. People are not reading your stuff. Right. I cannot sugarcoat it anymore.The Post lost more than $70 million in 2023 and lost 50% of its audience in the same period, according to The New York Times.