Michael Wolff doesn’t exactly believe in the New York Post’s future. In a scathing column, Wolff declares that the Post is slowly dying and that it will perish before Rupert Murdoch does. Grim! Here are a few things that Wolff says point to the end of the tabloid:
- The upcoming News Corp. split. “As Murdoch gets ready to separate his newspapers from his richer entertainment holdings in a move that will force the papers to pay their own way, the Post’s day of reckoning nears.”
- Even Rupert Murdoch is losing faith in the paper. It has become “an increasingly sclerotic and gothic enterprise, full of aging figures.”
- “Robert Thompson, the Wall Street Journal editor, who will be the CEO of the new newspaper company, is openly contemptuous of Col Allen and the paper’s low-rent, cowboy atmosphere.” If Robert Thompson is mad at Col Allen, imagine how Robert Thomson feels about Col Allan!
- The paper is losing a ton of money. Wolff says it’s about $80 million per year, but we’ve heard estimates as high as $110 million.