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News Washington Post sold!

  1. Aug 5, 2013 #1

    Astronuc

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    Staff: Mentor

    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.
     
  2. jcsd
  3. Aug 5, 2013 #2
    I do wonder what he plans to do with it, he is planning to keep it separate from amazon apparently.
     
  4. Aug 5, 2013 #3

    lisab

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    Staff Emeritus
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    Gold Member

    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.
     
  5. Aug 5, 2013 #4

    russ_watters

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    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.
     
  6. Aug 5, 2013 #5

    OmCheeto

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    2016 Award

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