‘Profitable’ Washington Post will expand newsroom
The Washington Post, purchased three years ago by Amazon founder Jeff Bezos, will turn a profit in 2016 and expand its newsroom, defying the downward trend in the newspaper industry.
A memo to staff this month from Post publisher Fred Ryan, obtained by AFP, said the newspaper has been helped by its digital efforts and will be launching new “initiatives” in the coming year.
“Thanks to the incredible work of the entire team, the Washington Post will finish this year as a profitable and growing company,” Ryan said in the memo. – READ MORE