Washington Post publisher admits it lost $77 million last year and has lost 50% of its readership since 2020

On Wednesday, Will Lewis, the newly minted publisher and chief executive of The Washington Post, strode on stage before gathered staffers at the company’s D.C. headquarters to outline his vision for shepherding the iconic newspaper into a financially prosperous future.

Dressed in a navy blue blazer and button down shirt, along with his trademark sneakers (the Brit is known to be partial to the casual footwear), Lewis first delivered the cold hard reality to his assembled workforce. He candidly explained the depths of The Post’s recent financial woes, revealing that it had lost $77 million over the last year and seen a dramatic 50% drop in audience since the highs of 2020.

“To speak candidly,” Lewis told staffers at the top of the 90-minute meeting, “we are in a hole, and we have been for some time.”

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