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Jeff Bezos Buys the Washington Post

Posted by Unknown on from the every-supervillian-needs-his-own-paper dept.

schwit1 writes with word that Jeff Bezos decided to buy a news paper. Quoting the Washington Post: "The Washington Post Co. has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family's stewardship of one of America's leading news organizations after four generations. Bezos, whose entrepreneurship has made him one of the world's richest men, will pay $250 million in cash for The Post and affiliated publications to the Washington Post Co., which owns the newspaper and other businesses. Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days. The Post Co. will change to a new, still-undecided name and continue as a publicly traded company without The Post thereafter." The WaPo Labs team (including CmdrTaco) were not part of the deal, but from the sound of it they will remain part of The Post Co. and haven't been axed.

8 of 150 comments (clear)

  1. Obligatory: by Anonymous Coward · · Score: 5, Funny

    "I think it would be fun to run a newspaper"--Charles Foster Kane

  2. Haha, poor Taco by Anonymous Coward · · Score: 5, Funny

    "Woohoo! I'm going to work at Amazon! Free Prime!"

    "So, wait, what, it's not Amazon? Just the owner of Amazon? Okay! Still pretty great!"

    "Ummm... guys... it says he's not buying us... we're just left to rot here on the carcass. Anyone known any good jobs sites?"

    1. Re:Haha, poor Taco by Lunix+Nutcase · · Score: 1, Funny

      He was joking... Is your aspergers really that severe?

  3. Shipping. by harrkev · · Score: 5, Funny

    He paid more than $25 for the newspaper. I hope he got free shipping.

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    "-1 Troll" is the apparently the same as "-1 I disagree with you."
    1. Re:Shipping. by Highland+Deck+Box · · Score: 5, Funny

      I heard the purchase price was $247 million, but he bought $3 million worth of pens to qualify for super saver delivery.

    2. Re:Shipping. by symbolset · · Score: 5, Funny

      More likely his teen son borrowed dad's iPad that was logged into Amazon.com and accidentally bought the whole newpaper while trying to look up what a "newspaper" was due to the whole one-click thing. I guess that sort of thing happens. After a stern talking to the teen will probably be sentenced to trying to turn a profit on the purchase as an object lesson to be careful touching around on dad's tablet.

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  4. Editorials by ebno-10db · · Score: 2, Funny

    Expect lots of pro-H1B editorials. No wait, they already have those.

    Could be worse - at least it's not Murdoch.

  5. $250M by malacandrian · · Score: 4, Funny

    He paid $250M? Doesn't he know it's only $1.99 on Kindle?