"300 journalists have lost their jobs at The Washington Post. Over 300,000 readers have canceled their subscriptions. Owner Jeff Bezos, who purchased the legendary publication in 2013, has driven his reputation into the ground by using his vast empire to churn out content designed to make President Donald Trump happy: Amazon MGM Studios spent $40 million to produce a fawning documentary about Melania Trump, which premiered days before the Post sent out mass layoff notices."
"Which begs the cynical question: Why does he even own The Washington Post at all? The Trump era is, after all, a cynical and transactional time. Billionaires, CEOs, and world leaders have quickly learned that sucking up to Trump will get them what they want - pardons, tariff exemption, an export control lifted, a merger deal approved, an investigation quashed."
300 journalists have lost their jobs at The Washington Post, and over 300,000 readers have canceled subscriptions. Jeff Bezos purchased the publication in 2013 and has faced reputational harm after leveraging corporate assets to generate content favorable to President Donald Trump. Amazon MGM Studios spent $40 million on a flattering Melania Trump documentary that premiered days before mass layoff notices at the Post. Efforts to curry favor with Trump have not produced a clear net positive financial outcome. The Trump era has prompted transactional appeals to leaders for pardons, tariff exemptions, regulatory relief, and merger approvals. Media mergers have further illustrated courting political favor for regulatory approval.
Read at The Verge
Unable to calculate read time
Collection
[
|
...
]