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Bezos to CNBC’s Ross Sorkin Asking ‘Why Fire People? Why Don’t You Just Subsidize WaPo?’: ‘I Don’t Want It To Be a Charity’

‘The Post needs to be a profitable enterprise that stands on its own two feet’
By Grabien Staff

EXCERPT:

BEZOS: “And guess what I told them, you know, when we were planning those layoffs.”
SORKIN: “Right.”
BEZOS: “I didn't pick who was going to get laid off or which departments. I said, follow the data, follow the data. And I said, there's one exception to this.”
SORKIN: “What's that?”
BEZOS: “Don't follow the data on investigative reporting. The heart of 'The Post' is investigative reporting. And guess what? Our newsroom today, even after --”
SORKIN: “Right.”
BEZOS: “-- the layoffs, is still larger than when we did Watergate and the Pentagon Papers. And so -- and we just won the Pulitzer Prize for public service, the most prestigious prize --”
SORKIN: “Right.”
BEZOS: “-- but most prestigious Pulitzer for our investigation into DOGE. 'The Post' is going to continue to be an important institution. In fact, it's going to be a more important institution because of this --”
SORKIN: “Right.”
BEZOS: “-- financial discipline. It needs to be relevant to readers. It needs to stand on its own two feet. I don't want it to be a charity. It doesn't need to be, and it shouldn't be.”

 

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