The Washington Post has lost 500,000 subscribers in the nearly two years since former President Donald Trump left office, according to a report.
The newspaper’s subscription base has fallen from 3 million to about 2.5 million since January 2021, a decline of about 20% in subscribers, according to a Thursday report from The Wall Street Journal.
It comes after The New York Times first reported in August that The Post was on course to lose money this year. The Times originally reported that The Post had fallen below 3 million subscribers and its digital ad revenue had fallen about $70 million – or about 15% – since the first half of 2021.
The Journal’s report came days after The Post announced it was ending its Sunday print magazine and laying off 10 employees.
Major newsrooms are shrinking due to a combination of poor economic conditions and the headline-grabbing loss of the Trump presidency.
CNN, BuzzFeed, Gannett, Vice News and Vox Media were all let go at some point this year.
In 2017, Mr. Trump claimed that “newspapers, television, all forms of media will crumble if I’m not there, because without me their ratings drop.”
Post Media reporter Paul Farhi acknowledged the former president’s view in March 2021: “Barely two months into the post-Trump era, the media is indeed losing much of the audience. and the readership they gained during his chaotic presidency. In other words, the Trump mogul of journalism may be giving way to a meltdown.