News Washington Post Sold to Amazon Founder Jeff Bezos

[Astronuc]

Anyone want to buy a newspaper?

In a stunning move, Washington Post Co. Chairman Donald Graham announced on Monday that his family has agreed to sell its storied newspaper to Amazon.com founder Jeff Bezos. The price tag: $250 million.

“Every member of my family started out with the same emotion — shock — in even thinking about [selling]," Graham said. “But when the idea of a transaction with Jeff Bezos came up, it altered my feelings.”

The Graham family bought The Washington Post in 1933.

. . . .

http://news.yahoo.com/washington-po...er-jeff-bezos-for--250-million-205835682.html

It will be interesting to see how the newspaper develops.


Oh, the things one can do when one has money.

 

[caldweab]

I do wonder what he plans to do with it, he is planning to keep it separate from amazon apparently.

 

[lisab]

Online retail? Huge market, lots of potential growth. But Bezos hasn't quite figured out how to make a good profit from Amazon yet.

Newspapers? Ageing market, negative growth. The family is selling because it can't figure out how to make profit from newspapers anymore.

Hmm.

 

[russ_watters]

Stop the presses! Internet billionaire buying a newspaper? Is he going to roll it up and swat flies with it? Does he even know what else people used to do with them?

I can't imagine him keeping the print version, one way or another:
-Option 1: End the print version.
-Option 2: Try to make a profit with the print version. Fail. Goto 1.

 

[OmCheeto]

Anyone want to buy a newspaper?

http://news.yahoo.com/washington-po...er-jeff-bezos-for--250-million-205835682.html

It will be interesting to see how the newspaper develops.


Oh, the things one can do when one has money.

$250 million?

Wow.

I'm glad I'm old, and will die fairly soon. Things are changing so fast.

Good luck young peeps!