After assuring themselves that it wasn’t an Onion headline, those working in the media, political and book industries began digesting the news that Amazon founder and chairman Jeff Bezos paid $250 million to acquire The Washington Post. Although Bezos purchased the Post from his personal funds, there are few people who believe that Bezos won’t find a way for the newspaper and Amazon to work together. more »
The sale of The Washington Post to Amazon founder Jeff
Bezos has stunned the paper’s old guard. Bob Woodward, while optimistic about
Bezos, says it's “very sad.” The Daily Beast’s Lloyd Grove reports. Plus, Eleanor Clift on the legendary Graham family, Daniel Gross on how nothing in print media makes sense
anymore, and Nina Strochlic profiles Jeff Bezos.
Why Does Jeff Bezos Want to Own the ‘Washington Post’?
“You’ll have heard the news, and many of you will greet it with a degree of apprehension,” is how Jeff Bezos addressed his newest employees after purchasing the Washington Post for a reported $250 million. In a letter to the newspaper staff, the Amazon founder said, “The values of The Post do not need changing,” and promised that he won’t be handling any of the newspaper’s day-to-day duties, because “I am happily living in ‘the other Washington’ where I have a day job that I love.” … Read More
Washington Post sold: Amazon's Bezos shocks media with $250m purchase
Deal brings to an end the 80-year control of the paper by the Graham family which steered the Post to national prominence
No comments:
Post a Comment