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Pension Fund Benefits Are Cut at the Washington Post

Written by Gary North on September 30, 2014

The liberal WaPo got bought last year by Jeff Bezos, who runs Amazon.

It has just announced a freeze on pension benefits.

The sinking ship of print media is doomed. It is a delight to see. All those liberals; so few lifeboats!

They had hoped. They had dreamed. They had trusted management. Now they are getting a taste of economic reality. Oh, woe!

They had no major competition for decades. Now there is Craigslist. Free. Now there is Drudge for all the wire service news. Free.

Free for all. That’s what it is out there: a free for all.

WaPo cannot compete.

The strategy of buying up major city newspapers was central to liberalism. That strategy has failed. Technology did an end run around it.

The chickens have come home to roost. The chicken coop’s floor is old copies of WaPo.

Print media are where you get day-old news. This is great for lining the floors of chicken coops, but not much else.

Continue Reading on www.washingtonpost.com

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7 thoughts on “Pension Fund Benefits Are Cut at the Washington Post

  1. Pretty expensive trash for lining the floor of chicken coops

  2. The WaPo used its once sizeable influence to destroy its enemies while shielding its cronies from the same fate. “Don’t do as I do; do as I editorialize!” Now they’re getting theirs.

  3. Speaking of chicken coop I need newspapers to line my bird cages and to pick up doggie poo. Where the hell am I suppose to get my newspapers now?

  4. They send tons of paper to your mailbox, use it. DO NOT forget, the Hearst dynasty still owns much of the radio and tv. Chicago has all union run tv and radio. That is why the "Lame Stream" media still only prints what the dems want you to hear. Unions take your money as "Union Dues", and the union management live like kings. They spend money on the democrats to get them reelected. Then the dems pay union media to broadcast their lies. And the government hires, guess who? Union (SEIU) workers, and all govt. contracts go to? Union workers! And we just get to keep riding the merry-go-round. Ain't it great! That's why I don't work union, do not buy union made, don't even watch "Union" sports like baseball, football, basketball, hockey, etc. IF NASCAR goes union, I won't watch it either! There is much more interesting racing to watch anyway.

  5. Can not remember last time I bought a printed newspaper, watch local gloom and doom news, and never ever in last 20+years watch network news except Fox once in awhile.