Washington
Jeff Bezos Hasn’t Delivered What He Promised With The Washington Post
The latest plan for reversing losses at The Washington Post prompted the departure of its top editor, while raising questions about CEO Will Lewis, whose plan was cobbled together during months of discussions with owner Jeff Bezos. The plan itself remains largely a mystery and what little has been revealed isn’t reassuring.
When Bezos bought the Post for $250 million in 2013, the Amazon founder sought to assure staffers and customers that “the values of The Post do not need changing.” Bezos has consistently championed editorial independence since then, and has accepted the financial and reputational risks of owning a publication dedicated to covering politics and government.
Despite former President Donald Trump’s efforts to punish Amazon for coverage in the Post that he disliked, Bezos has never publicly complained about the Post’s critical coverage of the White House or of Amazon and himself.
Few questioned whether Bezos, whom Warren Buffet had called “the ablest CEO in America,” could fix the Post’s business. Under the Graham family’s leadership, the company had remained profitable by cutting expenses, but it lacked the resources to invest in the Post’s future. So, it was sold to Bezos, who promised the money and patience needed to ensure a turnaround.
Amazon founder and Washington Post owner Jeff Bezos delivers remarks during the opening ceremony of the media company’s new location January 28, 2016 in Washington, DC.
Chip Somodevilla/Getty Images
But after a decade of investing in technology and expanded coverage, the Post says it lost $77 million in 2023 and that it has lost half its audience since 2020. The losses have continued this year. The results are consistent with those reported by other large urban publications.
Under Bezos and the Grahams, The Washington Post has sought to compete with The New York Times. It frequently does so editorially—it was awarded three Pulitzers this year and was a finalist in three other categories—but not as a business. The Times had net income of $232 million in 2023, up from $65 million in 2013. More impressively, at the end of 2023, the Times had 9.7 million digital-only subscribers, compared with only 760,000 digital subscribers a decade earlier. Acquisitions including The Athletic and Wirecutter, together with expanded sections devoted to recipes, gardening, and puzzles have buttressed the Times’ news coverage.
“While there may be a global audience for The Post’s coverage of politics, it is unclear what else readers outside the Beltway will pay for.”
Lewis announced on June 3 that Matt Murray—former editor in chief of The Wall Street Journal—had replaced Executive Editor Sally Buzbee, and that Murray would serve as interim editor through November’s presidential election. Murray will then lead a new unit, reportedly focused on local service journalism, and Robert Winnett—deputy editor of London’s Telegraph Media Group—will become the editor responsible for core coverage, including politics, international investigations, and business news.
The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC.
Andrew Harnik/Getty Images
Anguished editorial staffers questioned Lewis about Buzbee’s departure, and also about reports that surfaced following the announcement that Lewis had sought to kill stories in the Post and on NPR about allegations of improper behavior years earlier, while working for Rupert Murdoch in London during Britain’s notorious phone-hacking scandal.
Lewis denied the allegations, but may have made matters worse by questioning the NPR writer’s integrity. The New York Times and others reported he also questioned Buzbee’s competence for thinking the allegations newsworthy.
I don’t know Lewis and I have rarely spoken to Bezos since TIME named him its Person of the Year in 1999. It may come as a surprise to journalists, but Bezos—like other billionaires I have known or worked for—doesn’t like losing money. Bezos’ net worth is close to $200 billion, but he has no interest in funding Post losses for the next 2,000 years, or, for that matter, the next 2,000 days.
Like other billionaires, Bezos has diverse interests and he has rarely been a visible presence in the Post’s newsroom. He has also shown a penchant for relying on his instincts. He chose Fred Ryan, Lewis’ predecessor, on the recommendation of Jean Case, a friend and a former technology executive.
Lewis reached out to Bezos last fall while in London trying to line up financing to buy his old newspaper, the Telegraph. He has told friends that Bezos turned him down, saying that owning one money-losing publication was enough. Lewis has said Bezos then encouraged Lewis to speak to Patty Stonesifer, an Amazon board member who was running the Post while leading the search for a permanent CEO to succeed Fred Ryan.
The Post is one of many investments that require Bezos’ attention. He remains executive chair of Amazon, the company he founded that now has more than 1.5 million employees and annual revenues of more than $500 billion. He has invested in Uber, X (formerly Twitter), Business Insider, and Airbnb, as well as several private companies, including Blue Origin, an aerospace and defense company, and he has launched philanthropic organizations, including the Bezos Earth Fund.
Bezos and Stonesifer retained Sucherman, a well-regarded advisory firm to vet Lewis and other candidates for the job. Even if concerns about substance and style had surfaced, it is unlikely they would have deterred Bezos from hiring Lewis. Amazon has never shown an aversion to managers with sharp elbows.
Matt Murray, named as a new top editor of The Washington Post, pledged to lead a new era of innovation during a staff meeting Monday, June 3, 2024. The meeting that turned contentious when employees peppered publisher and CEO William Lewis with questions about the abrupt replacement of executive editor Sally Buzbee
Robert Miller/The Washington Post via Getty Images
When Bezos announced Lewis’ appointment several weeks later, he said he thought Lewis was “an exceptional, tenacious industry executive whose background in fierce, award-winning journalism makes him the right leader at the right time.”
While a renewed emphasis on service journalism and local news makes sense, separating service from news does not. The Post had a separate newsroom for digital for several years. It did little to improve its fortunes, and Marcus Brauchli, who served as executive editor from 2008 to 2012, made consolidating the newsroom a condition of his taking the job.
In my opinion, Matt Murray should be responsible for both newsrooms, while keeping the editorial and opinion pages under the control of David Shipley. Bezos should also review the recent decision to kill the Post’s Sunday Opinion section and the Post’s weekly magazine. While neither seemed attractive to advertisers, both were valued by readers accustomed to paying for content. While there may be a global audience for the Post’s coverage of politics, it is unclear what else readers outside the Beltway will pay for.
Bezos was right to keep his Post purchase separate from Amazon and he deserves credit for never asking the Post to do anything at Amazon’s behest. His desire to serve readers’ needs, however, would have benefited from Amazon’s experience with customers. Why not offer Amazon’s pharmacy and other services to Post subscribers?
If Bezos is serious about making The Washington Post profitable, he will need to reduce the number of journalists on staff from its current level of about 1,000 employees. I cannot say by how much, but it will be hard to reconcile the new number with Bezos’ stated commitment to quality.
Norman Pearlstine led newsrooms at The Wall Street Journal, Time Inc., when it published more than 150 titles, and The Los Angeles Times. He also held senior editorial positions at Bloomberg LP and Forbes and is the author of OFF THE RECORD: The Press, the Government, and The War over Anonymous Sources.
Washington
Week Ahead in Washington: March 1
WASHINGTON (Gray DC) – Operation “Epic Fury” — the weekend military operations carried out by the U.S. and Israel against targets in Iran — tops the agenda for Congress as lawmakers return to Washington.
Sunday, President Donald Trump said the new leadership in Iran wants to talk to the Trump Administration.
Democrats in both chambers called for Congress to return as soon as possible for classified briefings on Iran, followed by a move to vote on the War Powers Act. The Constitution gives Congress the power to declare war on another country.
Congress’ return to Washington was originally delayed due to the start of the 2026 midterm elections cycle.
Tuesday, voters in Arkansas, North Carolina and Texas head to the polls for primary elections.
North Carolina and Texas are drawing significant attention, as both states are facing congressional redistricting and competitive primary races for Senate seats.
In Texas, incumbent Sen. John Cornyn (R) is facing primary challenges from state Attorney General Ken Paxton and Rep. Wesley Hunt. On the Democratic side, Rep. Jasmine Crockett is facing state Rep. James Talarico.
In North Carolina, candidates are vying to replacing retiring Sen. Thom Tillis (R) . They include former Governor Roy Cooper (D) and former Republican National Committee Chair Michael Whatley.
Also this week, the Rev. Jesse Jackson is laid to rest. He will be honored Wednesday in Washington before a final memorial service Saturday. Jackson died Feb. 17.
Copyright 2026 Gray DC. All rights reserved.
Washington
Caps Fall in Montreal, 6-2 | Washington Capitals
Cole Caufield scored in the first minute of the first period and added another goal later in the frame, sparking the Montreal Canadiens to a 6-2 win over the Capitals on Saturday night at Bell Centre.
Washington entered the game with a modest three-game winning streak and six wins in its last seven games. Although they were able to briefly draw even with the Habs after Caufield’s opening salvo, Caufield and the Canadiens responded quickly and the Caps found themselves chasing the game for the remainder of the night.
“I didn’t mind some of the things that we did tonight,” says Caps coach Spencer Carbery. “I thought we created enough offensively, we just made way too many catastrophic mistakes to be able to sustain that.”
In the first minute of the game, Caufield blocked a Jakob Chychrun point shot, tore off on the resulting breakaway and beat Charlie Lindgren for a 1-0 lead for the Canadiens, half a minute into the contest. Lindgren was making his first start since Jan. 29, following a short stint on injured reserve for a lower body injury he sustained in that game.
After the two teams traded unsuccessful power plays, the Caps pulled even in the back half of the first. With traffic in front, Declan Chisholm let a shot fly from the left point. The puck hit Anthony Beauvillier and bounded right to Alex Ovechkin, who had an easy tap-in for career goal No. 920 at 13:16 of the first.
But Montreal came right back to regain the lead 63 seconds later, scoring a goal similar to the one Ovechkin just scored.
From the left point, Canadiens defenseman Jayden Struble put a shot toward the net. It came to Nick Suzuki on the goal line, and the Habs captain pushed it cross crease for Caufield to tap it home from the opposite post at 14:19.
Less than two minutes later, Lindgren made a dazzling glove save to thwart Caufield’s hat trick bid.
Midway through the middle period, Montreal went on the power play again. Although the Caps were able to kill the penalty, the Habs added to their lead seconds after the kill was completed; Mike Matheson skated down a gaping lane in the middle of the ice and beat Lindgren from the slot to make it a 3-1 game at 12:22.
Minutes later, Montreal netminder Jakub Dobes made a big stop on Aliaksei Protas from the right circle, and Suzuki grabbed the puck and took off in the opposite direction. From down low on the right side, he fed Kirby Dach in the slot, and Dach’s one-timer made it 4-1 for the Canadiens at 16:34 of the second.
In the waning seconds of the second, Dobes made one of his best stops of the night on Beauvillier, enabling the Canadiens to carry a three-goal lead into the third.
Those two quick goals in the back half of the second took some wind out of the Caps, who were playing their third game in four nights following the three-week Olympic break.
“We kill off a penalty, and then we end up going down 3-1right after the penalty,” says Caps center Nic Dowd. “Those are challenging to give up, right? You do a good job [on the kill], it’s a 2-1 game, and then all of a sudden, before you blink, it’s 4-1 and then the game gets away from you.
“And they defended well tonight; It’s tough to score goals in this League, and you go into the third period, and you’ve got to score three. You saw that [Friday] night when we played Vegas; they were able to score two, but it’s tough to get that third one. I think we have to manage situations a little bit better. It’s a 2-1 game on a back-to-back, we just kill a penalty off, or maybe we just have a power play – whatever it is – we have to manage that, especially in an arena like this, where the crowd gets into it on nothing plays. They can really sway momentum – and in a good way – for their home team.
“We just have to understand that if we don’t have our legs in certain situations, because of travel, it’s back-to-back or whatever, we really have to key into the details of the game and not let things get away from us quickly.
With 7:28 left in the third, Ovechkin netted his second of the game – and the fifth goal he has scored in this building this season – on a nice feed from Dylan Strome to pull the Caps within two goals of the Habs, who have coughed up some late leads this season.
But Montreal salted the game away with a pair of late empty-net goals from Suzuki and Jake Evans, respectively.
In winning six of their previous seven games, the Caps had been playing with a lead most of the time. But playing from behind virtually all night against a good team in a tough building is a tall task under any circumstances. And it was exactly that for the Caps on this night.
“They score on the first shift,” says Strome. “Obviously, Saturday night in Montreal is as good and as loud as it gets. They just got a fortunate bounce; puck was off Caulfield’s leg, and a perfect bounce for a breakaway. It’s just one of those things where we got down early and now they kind of fed off the momentum of the crowd.
“But I still think our game is in a good spot, and we’ve just got to keep stacking wins. Obviously, we’ve played more games than everyone so we’re going to need some help, but we’ve just got to keep stacking wins. It’s tough on the back-to-back in Montreal, but we’ll find a way to bounce back on Tuesday [vs. Utah at home] and then go from there.”
Washington
The Fallout From the Epstein Files
The Department of Justice is facing scrutiny this week after it was revealed that records involving President Trump were missing from the public release of the Epstein files. On Washington Week With The Atlantic, panelists joined to discuss the ensuing political fallout for the Trump administration, and more.
“The key thing to remember about the Epstein story is that it is a case that has been mishandled for decades. The reason that we’re hearing about this now and why it’s exploding into public view is because, for the first time, Republicans in Congress and Democrats in Congress were willing to openly defy their leadership and call for the release of these files,” Sarah Fitzpatrick, a staff writer at The Atlantic, said last night. “That has never been done before, and I think it really is changing the political landscape in ways that we’re still just starting to learn.”
“What’s been so striking is how many of those very same Republicans who were calling for the release of those files, who had promised to get to the bottom of them, are now saying things that are just the opposite,” Stephen Hayes, the editor of The Dispatch, argued.
Joining guest moderator Vivian Salama, a staff writer at The Atlantic, to discuss this and more: Andrew Desiderio, a senior congressional reporter at Punchbowl News; Fitzpatrick; Hayes; and Tarini Parti, a White House reporter at The Wall Street Journal.
Watch the full episode here.
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