Neal Freiman

And basically people are just reading between the lines and saying, Bezos has made a concerted effort to not cover Trump as much.

He wants to survive this second Trump presidency rather than cover it in the way they did in the first Trump presidency.

So that is one of the things that if you're saying that politics is going to be where the profits come from, why are you making us not cover Trump as much as we did in the previous term?

Yeah, one prime example of this that definitely hit the Post bottom line was in 2024, the Washington Post editorial page wrote an endorsement of Kamala Harris and then Jeff Bezos killed that.

And that led to an absolute exodus of subscribers.

They lost 250 subscribers.

thousand subscribers during the aftermath of when they canceled the Kamala Harris endorsement.

So an absolute massive loss in subscribers.

And you can't help juxtapose what's going on at The Washington Post with what's happening around digital media more broadly, specifically The New York Times.

The New York Times reported earnings yesterday.

They added $1.4 million

Digital-only subscribers in 2025.

They are on path to hit 15 million by the end of 2027.

They're absolutely killing it with this bundle format.

So they get people in through games.

They get people in through their lifestyle verticals.

They get people in through news.

By the end of the fourth quarter, just over half of its total subscriber base paid for access to multiple products.

That is just one area where critics of Bezos' regime at Washington Post say,

You had all the wind at your back and you didn't diversify your revenue sources like the New York Times, like some upstarts, like Semaphore, like more regional papers like the Boston Globe or the Philly Inquirer who are absolutely killing it right now.