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WaPo Circles the Drain | Power Line

The Washington Post has been losing lots of money–reportedly, around $100 million annually–so something had to give. Owner Jeff Bezos has lowered the boom, with layoffs announced yesterday:

The embattled Washington Post is laying off more than 300 employees—about a third of its already shrunken staff—as it guts sports, local news, and international coverage to cut costs and, its executives hope, boost readership.

Among other things, the Post will no longer have a sports section.

The Post’s problem, in part, is that it failed to find a viable niche on the left side of the news spectrum:

[T]he New York Times, which the Post has long aspired to be considered an equal to, has pulled far ahead. Back in Washington, Politico has dethroned the Post as the leader in political news coverage.

The Times left the Post in the dust by being crazier and more irresponsible. The Post was left without much of a reader base.

Of course, we aren’t shedding any tears over the Post’s semi-demise. It deserves everything it is getting. I can’t improve on some of the reactions collected at InstaPundit:

Then of course there is this. It is evergreen:

To be fair, as I recall Jennifer left the Post, not vice versa, when she concluded the paper was not far enough left. So she got out before the ship sank beneath the waves.



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