Will Lewis, the new CEO of The Washington Post, discusses his plans to revitalize the news organization, emphasizing personalization, local content, and potential acquisitions. The industry is facing financial challenges, with layoffs and struggles to adapt to the changing media landscape. There are calls for a reorganization of journalism to focus on critical issues and purpose. Lewis highlights the importance of a sophisticated subscription strategy with a local content focus. The challenges include the declining value of news consumption, reliance on big tech, and insufficient philanthropy funding.
A rather interesting quote from WaPo CEO Will Lewis when pressed about the paper’s subscription strategy: “A critical part of content strategy in a sophisticated subscription offering is local.” When this very same paper pretty much gutted its Metro section and folded Express… https://t.co/flrb9JUr2E
Taylor Lorenz is playing victim while the REAL journalists are murdered in Gaza, rotting in prison (Julian Assange) or otherwise being persecuted. The audacity of putting herself in that camp. 🤡 I discuss with @ggreenwald: https://t.co/xioJIhBdeF https://t.co/CPRwdNwOQt
TPM's Ari Hoffman @thehoffather breaks down Taylor Lorenz's reaction to recent layoffs in the media: "So where are the journalists? Because you're not one ... Our pressrooms are just writing press releases, not doing investigative journalism anymore." https://t.co/Y6MDtBDYih
Some sage words from @perrybaconjr in a @washingtonpost column about the current journalism crisis: "We need more reporters reading environmental impact studies and school-improvement plans, with salaries funded by readers...And perhaps fewer journalists in football stadiums."
Yes. And the media that facilitate the lies are fairly obviously complicit. Investors beware: you are not getting good information as things become increasingly polarised. https://t.co/QWb60Xz7IU
Adapt or Die💀 That's the stark reality for content creators, journalists and the future of media today. Read more here in my weekly newsletter out today. 🔥 https://t.co/LHIjIoFRlj https://t.co/C46IsEIuhS
It was a privilege to moderate this lively and entertaining discussion with @jordanbpeterson and @TuckerCarlson. https://t.co/5Od0YXiJtd
The journalism industry should reorganize itself to focus squarely on America’s crises, @perrybaconjr writes. https://t.co/rlsFs13DOe
Journalism is vital for our survival as a free people. Journalists like @ggreenwald, those who've died reporting in Gaza & Julian Assange prove that. @TaylorLorenz is a clown to count herself among these giants. MSM≠journalism 📺https://t.co/kob5HSyRsu https://t.co/2Buz4i0HlL
With massive layoffs at LATimes, SI, TIME, & Business Insider among others, this month has been brutal for journalists. If you value independent, accountability journalism, please consider subscribing to @SportsPolitika. Your support makes a difference https://t.co/LOKVhpJoqP
The biggest problems, in order: # 3, #6, #9. People consume a ton of news. They cannot pay enough for that consumption to support journalism, and their eyeballs are no longer as valuable to advertisers. Big tech makes the incentives worse. Philanthropy dollars are not enough. https://t.co/5ygSPiZJ5r
Unless a publisher creates something so essential that readers are willing to pay for it — like the NYT, the @WSJ or POLITICO, with more than half its revenue from paid subscribers — the future will be ruinous for the press. Sobering from @jackshafer https://t.co/6mz2qnXvQ2
Over the years, I am increasingly reluctant to research stocks where reported financials are hard to analyse Mgmt. needs good data to run the business. This can easily be shared with investors Hard-to-analyse financials too often indicate incompetence or obfuscation…
A tease of my weekly Alpha newsletter tomorrow taking on a topic on a lot of our minds- the latest media layoffs. I get into solutions and what the future holds. Want my hot take? 🔥 Subscribe to get it in your inbox Sunday afternoons: https://t.co/fsM0VF15vw https://t.co/lV05W4HozH
Beware of all the chatter of a post-subscription news economy. It will lead news orgs right into the hands of tech companies and kill them all. What’s happening is that everyone realizes subscriptions aren’t easy. Neither is quality journalism. Dismayed that smart news leaders…
Journalism may never again have profits, @PerryBaconJr writes. So it should focus on purpose. https://t.co/2U4esa5SJu
Opinion by Perry Bacon Jr.: The news media should focus squarely on America’s crises, both to help the country and give itself a mission that could make it more financially viable. https://t.co/VCObgssmjV
It's a disease of the elite. Pessimism is considered to be a sign of intelligence. It's how 'serious people' who want to look like the 'adult in the room' act. 🤮 https://t.co/pGFb4pwwtc
“The L.A. Times and the Washington Post are struggling to adapt to an industry that, like streaming, has largely become an economy of scale.” @DylanByers digs into the latest wave of media layoffs. https://t.co/PVNkz2R0dk
Maybe news just isn't profitable. That doesn't make dispensable. Just like the military or a library. It's a necessary public service. So make it one. https://t.co/RdcZjuX4FO
WaPo CEO on news industry layoffs: ‘The existing model is creaking’ https://t.co/Z9UPpTMgQA
Peddling easy cynicism is a cheat code for people who want to be listened to by don’t have anything interesting to say. Annoying generally. Contemptuous from people with power and influence. https://t.co/pnm8CiLhOy
I believe there's a connection between the terrible economics of the business of journalism that we have been witnessing lately and the level of cynicism and pessimism being peddled, even in MSM. https://t.co/I9GirSXhQb
The peddling of cynicism and pessimism seems like a big problem across the partisan spectrum. And even so in mainstream media outlets. Maybe especially so
In the latest edition of On The Record, Washington Post CEO Will Lewis talks to @semaforben about his plans to fix "the most important news organization in America." https://t.co/R1CrJaKne1
An entertaining and illuminating chat here between @semaforben and new @washingtonpost CEO Will Lewis. Check it out… and then subscribe to @semafor https://t.co/Q0kRKbtHUq
Journalists being laid off en masse is a sign of tightening financial conditions. Honest journalism with little personal commentary went extinct thanks to near 0% rates for 15 years post-2008. These adult theater kids not just being laid off, but laid off in mass firings, is a… https://t.co/8L1MIJbKfQ
.@semafor / @semaforben talks to the new WaPo CEO https://t.co/A6yoEg5Jkx
Talked to Will Lewis about his plans for the post, which include personalization and local, as well as whether he'd acquire Punchbowl, and more https://t.co/aFCTucJuzT