Washington Post weighs cutting 100 jobs - NYT

(Reuters) - The Washington Post, the newspaper owned by billionaire Jeff Bezos, is weighing cutting hundred newsroom positions and is on track to lose money this year, the New York Times reported on Tuesday, citing people familiar with the matter.

The cuts, if they happen, could come as hiring freezes for open jobs or other ways, according the report, which said Chief Executive Fred Ryan had brought up the idea with newsroom leaders in recent weeks. (https://nyti.ms/3pUnZ5Y)

The Post did not immediately respond to a Reuters request for comment.

Digital ad revenue generated by the Post fell to roughly $70 million during the first half of the year, down 15% from the half of 2021, the Times reported, citing an internal financial document it had reviewed.

(Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• CME takes NHL team performance into futures market
• Virginia data center boom pushes Dominion deeper into costly power market
• Ash cloud from Sicily’s Mount Etna volcano disrupts Malta flights