Are you sure you want to delete this post?
In an announcement that stunned nearly everyone, The Washington Post announced today that Jeff Bezos has purchased the company for 250 million dollars. Bezos is most well known for founding Amazon.com back in 1994 and turning it into one of the most profitable companies in the world, currently sitting at 49th on the Fortune 500 list. In a letter to Washington Post employees, Bezos assured them that "the values of The Post do not need changing. The paper’s duty will remain to its readers and not to the private interests of its owners
." However, he did inform them that change will be coming to the Post and that the role of the internet will be playing a major role in that change.
What does everyone think of today's announcement? Will Jeff Bezos be able to transform the Post into a profitable entity again by dramatically changing the way it distributes news or will his foray into print media be something that he winds up regretting?
Read his letter to Washington Post employees here