There is quite a bit of difference between not making a profit and consistently losing around $100m a year with apparently no path to at least revenue neutrality.
So it loses pocket change for a multi billionaire?
Edit: The consideration being that perhaps billionaire toys need not be profitable per se, but are purchased for different reasons. Twitter is another example here.
That's assuming the pro-billionaire propaganda it produces doesn't make him many hundreds of millions more.
In that light an arbitrary but vaguely plausible reason to fire anyone who insists on doing actual journalism and not billionaire propaganda is a useful tool.
Edit: The consideration being that perhaps billionaire toys need not be profitable per se, but are purchased for different reasons. Twitter is another example here.