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Amazon Founder Jeff Bezos Buys The Washington Post

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  • Strongly Liberal Democrat
    Democrat
    Portland, OR
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    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.
  • Center Left Democrat
    Democrat
    Flagstaff, AZ
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    jared;


    To date, the Washington Post has been awarded 47 Pulitzers, so I would consider it to be one of America's best newspapers.

    If you review the biography of Jeff Bezos, you'll find that he's a fascinating guy, and I'm of the opinion that both he and the Post will profit tremendously from their association:

    http://en.wikipedia.org/wiki/Jeff_Bezos

    Since he's worth an estimated $25 billion, 250 million dollars shouldn't hurt his cash flow very much.
  • Center Left Democrat
    Democrat
    Flagstaff, AZ
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    jared:


    Ross Douthat provided a good analysis of the recent purchase of the Washington Post by Jeff Bezos this morning.

    http://www.nytimes.com/2013/08/11/opinion/sunday/douthat-how-the-post-was-lost.html?hp

    Although I read 5 newspapers on line every day, I'll admit that the Washington Post isn't one of them. However, I frequently read articles published in Politico, which was founded by two former Washington Post employees in 2006.