Washington Post set to lose $77 million this year even before boycott erupted over non-endorsement: Report

The Washington Post was already successful fiscal occupation adjacent earlier the caller boycott question that erupted against the paper.

A study from New York Magazine's Intelligencer shed airy connected a caller gathering astatine The Post newsroom wherever the apical brass revealed that the insubstantial was connected gait to suffer a whopping $77 cardinal this year, a fig that does not adjacent see the staggering 250,000 subscribers it mislaid implicit its last-minute determination by billionaire proprietor Jeff Bezos to not endorse Vice President Kamala Harris successful the last days of the statesmanlike race.

"[It's] not a astonishment astatine all," 1 Post staffer told Fox News Digital successful absorption to the report. "It means ‘buckle up.’"

Notably, the $77 cardinal successful reported losses mirrors the nonstop fig Washington Post steadfast Will Lewis said successful May the insubstantial mislaid implicit the anterior year. 

WAPO STAFFER UNSURE PAPER CAN RECOVER AS BEZOS-OWNED OUTLET SHEDS 250,000 SUBSCRIBERS OVER ENDORSEMENT FIASCO 

The Washington Post is reportedly connected gait to suffer $77 cardinal this year, which doesn't see the losses from the caller boycott implicit its non-endorsement. (Andrew Harnik/Getty Images)

The Intelligencer cited different staffers, 1 saying "The level of choler is done the roof, and fearfulness is besides done the roof." 

"The apical stories that bash good person 200 readers to subscribers," different staffer told the magazine. "You’re doing your champion work, hoping you person 200 subscribers. And we mislaid 250,000 done naïveté and mediocre decision-making."

WASHINGTON POST NEWSROOM IN UPROAR OVER JEFF BEZOS' ‘TONE-DEAF’ OP-ED DEFENDING NON-ENDORSEMENT, STAFFER SAYS

According to the report, The Post, which has suffered an exodus of high-profile talent successful caller years, whitethorn person adjacent much staffers fleeing, saying immoderate of its "most marketable journalists" are "seeking retired opportunities astatine different outlets adjacent arsenic the grind of the caller Trump medication begins."

A spokesperson for The Washington Post declined to remark connected its gross numbers erstwhile asked by Fox News Digital. 

Billionaire Jeff Bezos bought The Washington Post successful 2013. ( SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)

The Post's fiscal woes person formed a unreality implicit the "Democracy Dies successful Darkness" insubstantial for years, but the newsroom was rocked with turmoil aft Bezos halted the editorial board's endorsement of Harris, establishing a caller argumentation going guardant of not issuing endorsements for statesmanlike candidates. 

That was met with swift backlash some wrong and extracurricular the insubstantial and resulted successful the nonaccomplishment of 250,000 wide subscribers, which NPR noted was astir 10% of its 2.5 cardinal full subscribers. 

JEFF BEZOS ADDRESSES WASHINGTON POST ENDORSEMENT FIASCO, CITES DISTRUST IN MEDIA LED TO ‘PRINCIPLED DECISION’

The Washington Post was acceptable to endorse Vice President Kamala Harris earlier it was halted by its billionaire proprietor Jeff Bezos. (AP/Jacquelyn Martin)

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Bezos penned an op-ed defending the decision, citing increasing distrust successful the media. 

"We indispensable beryllium accurate, and we indispensable beryllium believed to beryllium accurate. It’s a bitter pill to swallow, but we are failing connected the 2nd requirement," Bezos wrote. "Most radical judge the media is biased. Anyone who doesn’t spot this is paying scant attraction to reality, and those who combat world lose. Reality is an undefeated champion. It would beryllium casual to blasted others for our agelong and continuing autumn successful credibility (and, therefore, diminution successful impact), but a unfortunate mentality volition not help. Complaining is not a strategy. We indispensable enactment harder to power what we tin power to summation our credibility."

"By itself, declining to endorse statesmanlike candidates is not capable to determination america precise acold up the spot scale, but it’s a meaningful measurement successful the close direction. I privation we had made the alteration earlier than we did, successful a infinitesimal further from the predetermination and the emotions astir it. That was inadequate planning, and not immoderate intentional strategy," Bezos aboriginal conceded.