Jeff Bezos Buys the Washington Post

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.

Comments

Re:good for journalism

[icebike]

He's keeping the same Chief Editor, so its not clear to me how much it will change.

I expect him to make it free on Kindle. Seems like a long way to go to get content.

Re:good for journalism

[Mashiki]

Oh noes...a neocon bias. I mean just look, you've got all those other newspapers with a liberal bias including the NYT, and I hear nary a complaint. Then again, considering how hard and fast liberal papers are devaluing that's kind of moot isn't it? Take a look at the boston globe.

Re:good for journalism

[readin]

The Post may lean left less than it used to on international affairs, but it is still very far to the left on everything else and is hardly comparable to the Wall Street Journal which actually leans right on most things. As a conservative I long ago learned to live with the fact that most of the news media leaned left. The WP did so, but at least seemed to make an effort to focus on the reporting rather than the propaganda. However their reporting on illegal immigration seemed so deliberately dishonest and manipulative that I was glad to cancel my subscription.