(p. B1) As a private company since 2013, when the deep-pocketed Amazon founder Jeff Bezos bought it for $250 million, The Post doesn’t disclose much financial data. But by all visible measures, including the vital but hard-to-measure buzz factor, the resurrection of The Post, both editorially and financially, in less than four years has been little short of astonishing.
The Post has said that it was prof-(p. B4)itable last year — and not through cost-cutting. On the contrary, under the newsroom leadership of Martin Baron, the former editor of The Boston Globe memorably portrayed in the film “Spotlight,” The Post has gone on a hiring spree. It has hired hundreds of reporters and editors and has more than tripled its technology staff.
. . .
Scoops — and high-quality journalism more generally — are integral to The Post’s business model at a time when the future of digital journalism seemed to be veering toward the lowest common denominator of exploding watermelons and stupid pet tricks.
“Investigative reporting is absolutely critical to our business model,” Mr. Baron told me. “We add value. We tell people what they didn’t already know. We hold government and powerful people and institutions accountable. This cannot happen without financial support. We’re at the point where the public realizes that and is willing to step up and support that work by buying subscriptions.”
For the full story, see:
JAMES B. STEWART. “Common Sense; The Post’s Latest Bombshell: It’s Thriving in Digital News.” The New York Times (Sat., MAY 20, 2017): B1 & B4.
(Note: ellipsis added.)
(Note: the online version of the story has the date MAY 19, 2017, and has the title “Common Sense; Washington Post, Breaking News, Is Also Breaking New Ground.”)