I have serious issues with Warren Buffett but when he sold The Washington Post to Jeff Bezos I sensed that it was probably a good move for Buffett. Originally Buffett bought The Post because it was the chosen news source within the power circles of Washington DC. In addition to this important factor Washpo had a strong readership based in a wealthy city. Good for ad revenue. There was deep value in the publication. But, to Buffett’s credit he probably sensed the winds shifting (even if he did think Hillary was going to win) and sold The Post when he could before the real serious decline in value became too obvious and too expensive even for someone who wanted to revamp the newspaper for delivery on Kindle devices.
The Washington Post continues to fall off the pace. Yes it is still powerful. Yes it is still influential. But much less powerful and influential than it was even very recently. Hillary’s loss ensured that.The Post is winded while many other new media runners are full of energy and surging from behind strongly. Washpo is bonking.
This recent article from The Washington Post complaining that every media outlet it doesn’t like is somehow affiliated with Putin is a reflection of the newspaper’s increased desperation.The Post is in trouble medium to long term. Of course it’s lashing out.
I mean, in the wake of the Trump election and all the changes happening in this country right now would YOU want to buy The Washington Post?
If you do, I’ll bet Jeff Bezos would love to take your call.
(From Black Listed News)
While this latest spin on the so-called “narrative” will certainly backfire, and accelerate the demise of the mainstream media’s efforts to maintain credibility and control of the American mindset – which it painfull lost with their lies during the presidential campaign – not to mention “eyeballs” and ad revenue, we remain fascinated by the so called “liberal left’s” relentless charges that Trump will unleash a massive censorship assault on the “free press” when the “free press” itself is doing everything in its power to squash dissenting voices. To which all we can add is that it is a good thing that said “power” is declining with every passing day.
*It should be noted that Putin is a crony capitalist of the highest order and is not a good guy. A close eye should be kept on him and his crowd. However, everyone who thought Hillary was a horrible choice and deeply corrupt isn’t/wasn’t in Putin’s pocket. If anything, as we noted, the biggest problem with “FAKE NEWS” comes from outlets like NBC, NPR, PBS, CBS, and the New York Times. This is where many of the conjured narratives are born.The #oldmedia is just mad that Americans aren’t falling for it anymore. That and the profitability of the old media is going down the drain quickly and many propagandists may soon be out of a job. Like at Univision.