The Washington Post, one of the largest newspapers in the U.S., announced on Wednesday that it is laying off a third of all staff — a move that owner Jeff Bezos could prevent personally without his net worth changing in any meaningful way. As of Wednesday, Bezos’s net worth was listed as just under $249 billion by Forbes. Just last year, he spent an estimated $50 million on his wedding.
From Truthout via this RSS feed
True. It’s a matter of how you spin it. I mourned for WaPo when Bezos bought it, as I saw the writing on the wall. The journalists who stayed may have intended to keep the culture of good journalism alive, but by this perspective were just providing a veneer of respectability to a propaganda outlet, which is a form of compliance.
Either way, let’s hope that they land at one of the new generation of journalism outlets that’s springing up online.