Washington Post Faces Declining Readership and $100M Loss in 2024
The publication's daily traffic has dropped by 20 million users since 2021, prompting layoffs, leadership changes, and internal tensions over its future direction.
- The Washington Post's daily web traffic fell from 22.5 million users in January 2021 to an average of 2.5-3 million in 2024, a decline of nearly 90%.
- The company reported a $100 million loss in 2024, driven by reduced subscription revenue, declining ad sales, and a shrinking readership base.
- Owner Jeff Bezos' decision to withhold an endorsement of Kamala Harris for president led to the cancellation of 250,000 subscriptions and fueled internal staff dissatisfaction.
- The publication has seen an exodus of top editorial talent, with prominent reporters and editors leaving for rival outlets such as The Atlantic and ProPublica.
- Leadership changes include Matt Murray being named permanent executive editor, with new policies introduced to separate opinion and news content and shift the newsroom's focus to audience engagement.