'Washington Post' Faces Circulation, Revenue Collapse
Unless, like me, you're a believer in truth and objective reporting, there's no good news here:
The Washington Post Co. reported its first-quarter earnings on Friday, and the news coming out of the newspaper division was mostly grim. The unit lost $22.6 million in the quarter, with revenue down 8% and revenue from print advertising specifically falling 17%.
Meanwhile, the Post just reported one of the biggest circulation drops of any major newspaper with the lucrative Sunday edition selling 5.2% fewer copies and the daily edition skidding almost 10%.
We're seeing the same with the collapse of CNN's ratings. Not enough people like or respect Soledad O'Brien, Don Lemon, Anderson Cooper or Piers Morgan any more than they do Wapo.
Bottom line: People on the left and right are sick and tired of being lied to, and in the case of the Washington Post and CNN, the "lie" is this phony, dishonest, and transparent shield of objectivity these outlets hide behind in order to pummel Republicans and push a left-wing agenda.
As more and more Americans move online, they're finding honest and talented brokers of news, information, and analysis from all ends of the political spectrum. People might not agree with everything they read, but at least they know no one is treating them like a fool and trying to put one over on them.
CNN and the Washington Post and so many other cratering MSM entities either need to go out of business or do the honorable thing in announcing their biases and agenda. Personally, I don’t care which one they choose. Both would be good for America.
Certainly, both CNN and Wapo could choose to be unbiased and do things like, say, pursue Fast and Furious as hard as they did the non-story that Valerie Plame, but I just don't think the left is capable of being objective. When you're wrong about absolutely everything, objectivity and truth can only work against you.
The best news, however, is that these dishonest outlets are also losing their impact. New Media isn’t yet able to set the narrative agenda, but we sure can impact, expose, ridicule, deconstruct, and push things into the narrative. The difference between now and 2008 is already startling.
Truth will always win out, and now that the distribution of information is no longer bottlenecked by just a corrupt few, everything is changing for the better.