The Washington Post will celebrate its second consecutive year as a profitable company by adding to its business and technology teams in 2018, according to a memo to staff from Post Publisher Fred Ryan obtained by Axios.
The team of nearly 800 journalists will be acquiring additional space in its headquarters building in downtown Washington in 2018. "This expansion will meet our needs in the coming year and accommodate anticipated growth in the future," Ryan says.
The news comes as The New York Times is downsizing at its Manhattan HQ (which is much larger than the Post's HQ.) Executives announced last year that it would be moving out of "at least eight floors" to cut costs.
- Ryan says the company hit record subscription numbers, with digital subscriptions "more than doubling since January "and "more than tripling since last year."
- He also notes that digital advertising contributed a far greater share of overall revenue than ever, a feat given the bleak digital advertising climate many other newsrooms are facing in competing against tech giants for eyeballs.
- He notes that the Post's engineering team that powers website technologies, called "Arc" now provides technology for more than 50 other websites.