Kendra "Gloom is My Beat" Pierre-Louis @kendrawrites.bsky.social

oh. another story that journalism actually does make enough money but not in the right way so it looks like its losing money. WaPo edition.

6 replies 63 reposts 203 likes

Warren Terra @warrenterra.bsky.social [ View ] Jul 03, 2024 at 18:45 UTC

So, skimming the article there's only a brief mention of "Arc XP" but it looks like the WaPo spent hundreds of millions playing software developer? Creating a content management system that they'd use and license to other companies? That sounds completely crazy to me.

1 replies 0 reposts 9 likes

Derek Writes Stuff @derekwrites.bsky.social [ View ] Jul 03, 2024 at 20:33 UTC

So they lost money on trying to do a thing that isn't journalism, and the answer is to spend less money on journalism. Capitalism is fun.

0 replies 0 reposts 3 likes

@ninjamonkky.bsky.social [ View ] Jul 03, 2024 at 19:04 UTC

We bought an expensive system that we didn't fully understand, for terms we didn't realize we're financially ruinous, so we're going to have to make some cuts to payroll...

1 replies 0 reposts 6 likes

@wob1.bsky.social [ View ] Jul 03, 2024 at 18:57 UTC

Is private equity involved?

0 replies 0 reposts 0 likes

ghost in the liberry @liberrynb.bsky.social [ View ] Jul 03, 2024 at 18:32 UTC

having worked on supporting a content management system in a media company, i am sad to inform that in my experience, these systems are wildly mismanaged by a C-suite with no understanding of what it takes to make them work well. so of course they are hemorrhaging money

1 replies 0 reposts 16 likes