Amazon CEO Jeff Bezos buys The Washington Post for $250 million

[Centrics]

The Washington Post Company announced Monday it was selling its newspaper business, including the flagship Washington Post, to Amazon.com founder Jeff Bezos for $250 million. Bezos is gaining control of the Post from the Graham family, which has led it for decades. "Everyone at the Post Company and

More...

[NewsCopy]

Jeff Bezos, otherwise known as the founder of Amazon, just bought the Washington Post for $250 million in cash. For fans of the Washington Post, Amazon won't have anything to do with the company, and the only influence Bezos will have on a day-to-day basis is that The Post Co. will change to a new name, which is currently undecided.

The Rest of the story

[Centrics]

How's this for perspective? A two-year old startup by the name of Instagram sold to Facebook for $1 billion. A newspaper housed in a nation's capitol city, which has been around over a century, has just sold for one quarter of that. It's a strange, wild, and completely digital world that we're living in today, which may help explain why the...

The rest of the story

[Centrics]

Surprising news has rocked the media industry today, with Amazon CEO Jeff Bezos purchasing The Washington Post newspaper and other affiliated publications for $250 million. The Washington Post Company, which previously owned the paper, will continue to trade publicly after ownership is transferred to Bezos, although a new name will...

[Turbine]

If Amazon moves into "Same Day Delivery" owning a National paper will pay huge dividends for both properties.