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Photo: Robert Nickelsberg/Getty Images

The White House plans to order all federal agencies not to renew their subscriptions to the New York Times and the Washington Post, two papers that President Trump has repeatedly attacked for their critical coverage of his administration, the Wall Street Journal reports.

The big picture: The White House said on Tuesday that it would cancel its own subscriptions to the Post and the Times, after Trump complained that they were "fake" during an appearance this week on Fox News' "Hannity." White House Press Secretary Stephanie Grisham said in an email to the Journal: "Not renewing subscriptions across all federal agencies will be a significant cost saving — hundreds of thousands of taxpayer dollars will be saved."

Between the lines: Axios' Sara Fischer notes that the Post and the Times each make around $20 million annually by selling political and issue ads (mostly issue ads) that are geared toward reaching policy makers and opinion leaders at key D.C. institutions, including the White House and federal agencies. Hundreds of copies of the two newspapers are distributed to the White House and agencies.

  • These are expensive ads, and they’re typically the only types of ads with pricing that can’t be negotiated or bartered down.
  • In fact, the Times touts its reach into the White House when selling ads. It even created a separate D.C. edition of its paper printed out of Springfield, Virginia, just to make it cheaper to target federal agencies with ads that could be locally inserted.

The bottom line: This move, if the White House follows through on it, will have an advertising impact on the newspapers at a time when the issue advocacy market is really hot.

Go deeper: Trump allies raise money to target reporters at top media outlets

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists — National standardized tests delayed until 2022.
  5. Cities: Los Angeles County issues stay-at-home order, limits gatherings.
  6. World: London police arrest dozens during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
9 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.