The Washington Post ‘on track to lose money this year’

News in brief

The Washington Post is on track to lose money this year, according to a report by The New York Times.

The Post has shed subscribers since 2020, according to the report, and now has fewer than 3 million paid digital subscribers.

Subscription services have generally seen cutbacks across markets, such as TV streaming, throughout the year as inflation causes households to tighten their belts.

As a result, The Post also reportedly saw a roughly 15% decrease in digital ad revenue between H1 2021 and H1 2022.

The New York Times writes that The Post is contemplating whether to institute hiring freezes as a result of the disappointing metrics.