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this post was submitted on 13 Mar 2024
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Politics
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So most of my assertion that the Times is the only profitable one comes from this article.
not sure about WSJ's profitability quarter to quarter, but I don't think they are actively sinking.
The Facebook Files story is not exactly the victory for journalism you're saying though... my immediately takeaway from that is that the journalistic impact of the (surely accurate) information in it will probably be exceeded by the propaganda impact of adding weight to the "Twitter Files" mythology by simply running the story and calling it that. Maybe I am wrong in that but that's my immediate takeaway.
So doomsaying stories about how all their readers are dying notwithstanding, I guess I should admit that WSJ is consistently making money (even during recent quarters when NewsCorp has dipped into the red overall). My own internal compass categorizes them not quite in the journalism category because they have such a right-wing-friendly perspective but I'll admit that's 100% based on ideology. They are journalism I guess, yes; it's not like they print lies or made up stuff or anything.