The Washington Post (NYSE:
WPO) continues its' downward turn. Not content to watch their own freefall, they instead turned the nose straight towards the ground and powered the engines to full, accelerating their plummet.
I've photographed my share of "salons" in Washington over the years. Here's how it goes, when it's a pure event: A high profile organizer invites a half-dozen elected officials, a half-dozen administration officials, a half-dozen think-tank policy wonks, and a half-dozen industry lobbyists. The salons are always off the record, and the conversation flows freely, and frankly. In all of these instances, everyone comes away better informed, and, yes, relationships are built.
The problem is, when you take that last half-dozen lobbyists, and condition their "invitation" on a $25k to $250k fee, you create a really really big problem.
Enter The Washington Post.
(Continued after the Jump)
First, with the details and links. Post Ombudsman Andrew Alexander, opines in The Post's 'Salon' Plan: A Public Relations Disaster, "For a storied newspaper that cherishes its reputation for ethical purity, this comes pretty close to a public relations disaster" who then goes on to say "The story, accurately reported by Politico (and former Post) reporter Mike Allen, is based on a flier being circulated by a new marketing arm of The Post." The Washington Post publisher Katharine Weymouth is cited in the Politico article, Washington Post cancels lobbyist event amid uproar, taking the position that "...The Post, which lost $19.5 million in the first quarter, sees bringing together Washington figures as a future revenue source."
Now, listen carefully, as this matter rises to the level of the daily briefing at the White House. (I was there Friday, and happened to watch this exchange between the Press Secretary and the reporters.)
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