[ May 3, 2024 ]
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Major News Outlets Continue Losing Millions Amid Anti-Trump Coverage
By: Jon Dougherty, Conservative Brief, January 20, 2024
Several major newspapers and media outlets have continued losing tens of millions of dollars per year after they were purchased by billionaires who initially believed they could turn things around financially while still maintaining a decidedly anti-Trump, anti-GOP editorial slant.
Story continues below advertisementAccording to a report in DNYUZ, outlets like the Washington Post, the Los Angeles Times, and Time magazine are still losing millions of dollars years after being sold to billionaire benefactors, and there appears to be no sign of their financial conditions improving on the horizon.
“As the prospects for news publishers waned in the last decade, billionaires swooped in to buy some of the country’s most fabled brands. Jeff Bezos, the founder of Amazon, bought The Washington Post in 2013 for about $250 million,” DNYUZ reported. “Dr. Patrick Soon-Shiong, a biotechnology and start-up billionaire, purchased The Los Angeles Times in 2018 for $500 million. Marc Benioff, the founder of the software giant Salesforce, purchased Time magazine with his wife, Lynne, for $190 million in 2018.”
AdvertisementOn each occasion, the newsrooms welcomed their new owners with guarded optimism, hoping that their business expertise and technological knowledge would provide solutions to the challenging puzzle of generating revenue as a digital publication, the report said.
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10 Comments
D
2 months ago
Love it and hope all of those anti-American rags go broke!!!!!
2 months ago
Hopefully it will become billions.
Our wealthy, psychopathic, God-complexed, Globalist overlords need to rot!
2 months ago
Lovely, lovely. Watch their progress down the lavatorial whirlpool to final well deserved extinction, while President Trump marches on to final victory!
2 months ago
I believe in objective media, but we dont have it.
2 months ago
Anyone interested can see that the NXTimes is doing ok financially. Their paper newspapers are losing money but they have over 10 million paid digital subscriptions
One must always be most skeptical if fast that you WANT to believe.
2 months ago
ABC Nigntly News: Lies and deception by omission.
2 months ago
Hit them where it hurts them most….their bank accounts.
2 months ago
We need alternatives. I recommend Epoch Times, wholeheartedly.
2 months ago
I recommend that Trump decertify the “NEWS” status and access of rags that have omitted, distorted or deceived their viewers/readers from news access to federal (and cooperating state/local) governments. Not censorship, but no news reporting privileges or special access unless the media meets stringent pre-defined criteria for robust reporting. Those who covered up the COVID scam or exploited it, like CNN in particular, should suffer consequences including lawsuits against reporters, editors and publishers as well as no access to government.
2 months ago
The NYT’s is the worse of them and their losing their Subscribers, Readers at a incredible rate and still they dig their own graves deeper CNN/NYT’s Propaganda not news
