|Jeffrey Bezos and Donald Graham|
The paper was facing the likelihood of a seventh straight year of declines in revenue, with one preliminary budget estimate showing the possibility of $40 million in losses for 2013. And despite years of heavy investment in new digital offerings, there was little sign that robust profits were about to return, she reported.
That left three choices, Weymouth told Graham. The family could continue presiding over the gradual decline of the newspaper they loved. They could move more aggressively to cut the paper’s staff more deeply than ever, hoping that they could return The Post to sustained profitability by sacrificing its longtime excellence.
Or they could sell, cutting ties to one of America’s iconic news organizations after four generations of family control in the hopes that The Post could thrive again under a new, deep-pocketed, civic-minded owner. The Washington Post has more here.
President Obama on Tuesday said he was “disappointed” by Moscow’s decision to grant temporary asylum to National Security Agency leaker Edward Snowden, but would attend next month’s G20 summit in Russia.
“I was disappointed because even though we don’t have an extradition treaty with them, traditionally we have tried to respect if there’s a law-breaker or an alleged law-breaker in their country, we evaluate it and we try to work with them. They didn’t do that with us,” said Obama in an interview on “The Tonight Show.”
But Obama said he would travel to Russia next month for a meeting of the world’s top industrialized nations hosted by Russian President Vladimir Putin. TheHill.com has more here.
Radioactive Water Continues to Pour Out of Fukushima Power Plant - Highly radioactive water from Japan's crippled Fukushima nuclear plant is pouring out at a rate of 300 tonnes a day, officials said on Wednesday, as Prime Minister Shinzo Abe ordered the government to step in and help in the clean-up.
The admission indicates that two and a half years after the plant was hit by a huge earthquake and tsunami, plant operator Tokyo Electric Power Co (Tepco), which only recently admitted water had leaked at all, has yet come to grips with the worst nuclear disaster since Chernobyl.
Calling water containment at the Fukushima Daiichi station an "urgent issue," Abe ordered the government for the first time to get involved to help struggling Tepco handle the crisis. Reuters.com has more here.
Rep. Rodney Alexander To Retire - Rep. Rodney Alexander, R-La., will not seek a seventh term, according to an interview he gave The Monroe News-Star on Tuesday.
“I’ve represented the best people in the world; it’s been a privilege and I’ve enjoyed it,” Alexander told the paper. “But I never wanted to be in Washington all my life.”
Northern Louisiana’s 5th District is safe Republican territory, so it is unlikely this seat will flip party hands anytime soon.
Alexander is the third House member to announce retirement this Congress. He joins Reps. Michele Bachmann, R-Minn., and John Campbell, R-Calif. (To see a full list of members who have announced plans to leave Congress, see Roll Call’s Casualty List.)
Alexander was first elected to Congress in 2002 as a Democrat. He switched parties in 2004. RollCall.com has more here.
Your Donations to Frederick Politics are Appreciated - Please click on the Donation Button in right hand margin of page - Thank You!