Washington Post weighs cutting 100 jobs - NYT
Reuters
Published Aug 30, 2022 01:02PM ET
(Reuters) - The Washington Post, the newspaper owned by billionaire Jeff Bezos, is weighing cutting hundred newsroom positions and is on track to lose money this year, the New York Times reported on Tuesday, citing people familiar with the matter.
The cuts, if they happen, could come as hiring freezes for open jobs or other ways, according the report, which said Chief Executive Fred Ryan had brought up the idea with newsroom leaders in recent weeks. (https://nyti.ms/3pUnZ5Y)
The Post did not immediately respond to a Reuters request for comment.
Digital ad revenue generated by the Post fell to roughly $70 million during the first half of the year, down 15% from the half of 2021, the Times reported, citing an internal financial document it had reviewed.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.