The company, which is owned by the Amazon founder Jeff Bezos, is on track to lose roughly $100 million this year. The number of subscriptions at The Post has declined in recent years — it now has roughly 2.5 million subscribers, down from a high of three million subscribers at the end of 2020. Mr. Bezos, who paid $250 million for the newspaper in 2013, has previously said he wants the publication to be profitable. Mr. Ryan was criticized for what some in the company saw as a stultified business culture and frequently clashed with newsroom leaders. Ms. Stonesifer, a longtime friend of Mr. Bezos, agreed to step in as an interim leader after Mr. Ryan departed this year.

Source: Washington Post October 10, 2023 19:33 UTC