Legacy [Corporate] Media Companies Going Bankrupt

Published by Papa Giorgio

BREITBART HEADLINE:

  • Far-left L.A. Times, Washington Post Losing Ten$ of Million$ Annually

Yay!

Remember the days when the LA TIMES had weekly columns by people like Dennis Prager? And then political correctness hit and everything “conservative” was “SIXHIRB’ed”?

  • sexist, intolerant, xenophobic, homophobic, Islamophobic, racist, bigoted (S.I.X.H.I.R.B.)

HILLARY’S version:

🤡 “You know, to just be grossly generalistic, you could put half of Trump’s supporters into what I call the basket of deplorables. Right? The racist, sexist, homophobic, xenophobic, Islamaphobic—you name it. And unfortunately there are people like that. And he has lifted them up.”

And now just one — very manicured — position is allowed.

LOL!

I hope they go bankrupt!

BREITBART:

…After decades of spreading bias, lies, conspiracy theories, and political violence, the chickens have finally come to roost at these dreadful publications.

“A new report saying billionaire Patrick Soon-Shiong has sunk hundreds of millions of his own money into an unprofitable Los Angeles Times underscores how desperate the news industry is to chart a plan for survival in the digital era,” reports the equally dreadful Axios.

“Soon-Shiong has said in meetings that he had put nearly $1 billion into the L.A. Times,” the Axios report adds. “He paid $500 million for the paper and related assets and has had to spend an estimated $300 million in additional cash over the last five years[.]”

That’s $60 million annually, or $5 million monthly in losses.

The Washington Post reportedly lost $100 million in 2023. That’s more than $9 million a month.

Staff cuts at both obscene outlets are a constant threat, especially at the L.A. Times, which just announced a “massive” number of layoffs.

Why is this happening? Allow me to count the ways…