Good reporting here. I worry the Atlantic got too big; overwhelming. Having too much money can do that. This is a cautionary tale, then, about white knights' money + about the cost of acquiring & maintaining subscriptions (costs rarely discussed in sub-supported businesses).
https://twitter.com/DylanByers/status/1414981130156081153
Of course, the Atlantic has done stellar work, leading with @edyong209's phenomenal COVID reporting. I finally couldn't keep up with the magazine as a whole. Focus from financial realism might help there.
Years ago, when I was on the board of one of Nick Denton's companies, I said one of the best things he had done before the Y2K crash was raise lots of money. @nicknotned characteristically disagreed, saying too much money lets bosses try too much. He as, as usual, right.
So the tale of the Atlantic leaves me all the more impressed with @JeffBezos's stewardship of the Washington Post. He provided resources *and* discipline, money *for* success. That is a lesson for other philanthropic white knights.
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