We can rationalize the newspaper business all we want, but WaPo's downward spiral started with what's been described as a "gutless order to kill a presidential endorsement 11 days" before the election. That's when many cancelled their subscription.
The article says they lost -$77M in 2023 and -$100M in 2024. That predates the endorsement thing.
The article says they lost -$77M in 2023 and -$100M in 2024. That predates the endorsement thing.