The Washington Post has just admitted its business failure, as its owner, Jeff Bezos, is losing $100 million per year. He has effectively thrown in the journalistic towel, as forty percent of his reporters have been dismissed. Yet this was a paper that, not long ago, was known for its world-dominant investigative prowess.
How could this happen? On the wave of seemingly brilliant Watergate “investigative” journalism, the Washington Post was not only the world’s leading media outlet but also the foremost source of political information. Because of Watergate, the paper had rubbed shoulders with, perhaps even stood taller than, the New York Times.
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