Looks like big newspapers are hiring more now, so maybe print is coming back
Just when everybody thought print was dead, big newspapers are hiring again. The Washington Post expects to hire more than 60 journalists this year, while the The New York Times is hiring more reporters to cover immigration, healthcare and fact-checking.
Politico reports that after a year of record traffic and digital advertising revenue, the Post newsroom will grow by more than 8 percent, to more than 750 people.
The focus on the expansion will be politics and breaking news, as it adds a “rapid-response” investigative team and increase its video journalism and breaking news staff. The paper will also make additional investments in podcasts and photography.
Amazon founder and CEO Jeff Bezos, who owns The Post, reportedly invested $50 million in the company last year.
We imagine the election and now the transition to a new White House administration is largely responsible for the growth.
Publisher Fred Ryan said in a memo that The Post’s online traffic had increased by nearly 50 percent in the past year, and new subscriptions have grown by 75 percent. That paper subscription more than doubles the Post’s digital subscription revenue.
Meanwhile, subscriptions at The New York Times added 132,000 new subscribers in the 18 days after the election, as CEO Mark Thompson told CNBC.
Such growth seems to be widespread among big newspapers.
As our country enters an incredibly trying time, our hope is bolstered by this news. People want to be informed. We’re grateful to live in a country that believes in a free and open press. We’re all in this together.