Blame Jeff Bezos! And then stop hoping billionaires bail out the news.

[Yo_Mama_Been_Loggin]

Story by [e-mail] (Peter Kafka)

They are brutal for the paper's readers, who lose crucial coverage like sports and international reporting. And they are brutal for hundreds of Post employees, including lots of people whose work I pay to read with my Post subscription.

The Post's cuts have also led lots of people to point out the obvious — that Post owner Jeff Bezos, who is currently the world's fourth-richest man, worth an estimated $261 billion, could easily fund the paper's losses … forever, without ever noticing the tab.

Link to tweet

Link to tweet

Link to tweet

For the record: I also wish that Bezos would take his loose change and spend it on journalism.

Note that I didn't say "journalism instead of" because when you are talking about Bezos-level wealth, you don't have to choose: You can pay for journalism and rockets and superyachts and Venetian weddings and parties in St. Barts. (And yes, I realize that Bezos' Amazon expenditures on things like the "Melania" doc are different from Bezos' personal spending. The point is, he can afford it. In the same way that I can afford to buy a fancy coffee now and then.)

https://www.msn.com/en-us/money/companies/blame-jeff-bezos-and-then-stop-hoping-billionaires-bail-out-the-news/ar-AA1VGzwq

Bezos wants the same money for his rocket ship that Musk has been getting. That more than anything explains his kissing up to Trump.

[bucolic_frolic]

1. The world isn't fair

Lots of people were selling books from their living rooms in 1999. Most of them failed to grow.