Seemingly as I was writing my last post, Jeff Bezos was poasting himself – it did not go well.
Matt Pearce – who I should be clear, I think is one of the smartest and most committed people out there fighting for journalism – yesterday had advocated for subscribers not to cancel their subscriptions to the Post or to his former home, the Los Angeles Times. His basic argument boils down to this:
“The cost of canceling subscriptions here is to hike the price of journalistic ethics for journalists. That’s because the journalists trapped at these companies, who were not responsible for any of this, who already have fewer and fewer high-quality alternatives to work for, are staring at a consumer reaction whose first and only certain consequence is to make their money-losing newsrooms even more reliant on billionaire subsidies and thus more exposed to the incompetence or fecklessness of the owner, whose other businesses have far, far more to lose economically from favoritism or discrimination by the federal government. More newsrooms dependency on a single source of revenue means less leverage for journalists to talk back, lest those subsidies — and therefore many of America’s last remaining high-quality journalism jobs — suddenly go away. This is while the journalists and their unions at the Los Angeles Times and Washington Post are vigorously making the case to the public that journalistic integrity does not and cannot rest in the hands of ownership.”
I get it. But as I noted with Drew Harwell’s similar “it’s not our fault” lament, I think it badly misses the point both from the perspective of both audience and the structure of these enterprises as billionaire-owned publications. Pearce continued in this vein in today’s post, writing:
“The reality is that accountability journalism is in a dependency stage now, and as far as donations go, speaking as a journalist, my bias is that it’s generally better to be beholden to subscribers than to the out-of-touch whims of billionaires or philanthrophic foundations.”
This is both correct and imprecise. The “now” is correct, but it did not start now – in the case of the Post it started in 2013, when Bezos bought the paper; for the Times it’s at least since 2018 with Soon-Shiong’s purchase of the paper. From that moment forward the papers’ fates were up to billionaire whim, not any particular business reality.
But beyond that, I want to take issue with Pearce’s insistence that it’s “better to be beholden to subscribers” than to billionaires – which I would agree with if that were true – but it’s not. Under Bezos and Soon-Shiong’s ownership, every dollar of subscription revenue to their newspapers goes, effectively, into their pocket – they then write a check that might be more or less than that+advertising revenue to cover the paper’s operating expenses; in no case is that an amount of money they will miss. But it’s not as if the newsroom gets control of subscriber revenue – the money is all fungible and the money all goes to and comes from the owner.
I wish this weren’t so! I wish that the workers at both publications were its owners, instead, and that subscriber revenue really was what they were beholden to – but wishing doesn’t make it so. Now – will Bezos use the decline in subscribers as an excuse to cut newsroom jobs? Maybe! But we don’t have to believe him, because he’s lying – he really does have an amount of money that for the scale of human life and individual endeavor, is infinite. He can do whatever he likes – the first thing he decided to do when he bought the paper was cut employee retirement benefits – and it’s important not to listen to why he says he’s doing so (see: his juvenile editorial) but to merely look at the material realities of his actions and then think through for ourselves why it might be so.
I can totally understand why Matt is making the case that he is, and I do agree that in the short run “every journalism job lost at Washington Post or the Los Angeles Times, with their existing scale and audiences, is extremely unlikely to get replaced at ProPublica or anywhere else on a 1:1 basis.” But my argument is that whatever jobs are lost under the reign of Bezos, Soon-Shiong and others (which could be every one – they could just shut down the papers tomorrow) were dead letters not from this moment of non-endorsement and audience revolt, but from the moment of their purchase of the papers.
Audiences, as I’ve argued and will continue to argue at greater length, have been abandoned by our newspapers and media institutions for quite some time. I take no issue with those who, as Matt suggests, stick around to support (in what way they can) the journalism being produced by legacy institutions. I also cannot criticize those who can no longer support these billionaire-owned institutions and, more importantly, do not wish to have that be their information environment. As others have pointed out, this breach of trust means you must have heightened skepticism of everything else from these papers going forward – this is why I had cancelled my Post subscription not this past week but when Bezos hired Murdoch factotum/possible criminal Will Lewis as publisher, months ago.
What Matt is arguing for is to buckle down and wait it out “until we can break it via major antitrust action or through substantial subsidy” – but in the case of these newsrooms, neither seems likely to actually address the problem of their specific ownership. This is a difference in degree but not kind to those who argue in favor of sticking around Twitter to fight the good fight, or until Elon sells it, or ____. Neither the Post nor Times is a toxic cesspool along the lines of Twitter, or anything like it (though notably they are still posting there), but there is nothing stopping Bezos or Soon-Shiong from making them so. Likely, almost all of the current staff would quit rather than go along with such a project, but that is their own decision – just as it is the audience’s decision to jump ship.
A further note: I subscribed to the Post out of some combination of nostalgia for the paper of my youth, refusal to subscribe to the New York Times, and the good sports coverage+Alexandra Petri. But the Post is already not the paper of my youth, and I am not a child – they gutted local coverage for many years under the Graham ownership regime – they were a leading voice for the Iraq war and have had shameful editorial coverage of Israel’s war in Gaza – their (along with the NYT’s) horserace coverage of politics has been a truly malign force for 30 years. Many great journalists still work there, but it is, as many legacy publications are, also complicit in the undoing of the information space in this country over the last decades. I don’t wish for its destruction, but that’s not up to either me or its subscribers – it’s up to Jeff Bezos and him alone. What I wish for myself as for subscribers to news institutions everywhere is a better information space – and that is something that is up to us, through our individual actions, and the new and emergent institutions we support going forward.