Skip to comments.Washington Post to be sold to Jeff Bezos
Posted on 08/05/2013 1:40:07 PM PDT by Second Amendment First
The Washington Post Co. has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham familys stewardship of one of Americas leading news organizations after four generations.
Bezos, whose entrepreneurship has made him one of the worlds 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.
(Excerpt) Read more at washingtonpost.com ...
Because it wasn’t liberal enough?
Does this mean we can read WaPo for free on the Amazon.com site now?
That’s okay. I give it about three years before he’s selling it for 10 cents on the dollar.
From one liberal to another. Much ado about nothing—except Bezos will have cash to pour into it.
"Amid the boisterous fallout over the president of Chick-fil-As comments against gay marriage comes another business leader taking a very different stand on the controversial issue. Amazon founder and CEO Jeff Bezos has donated $2.5 million to help pass a same-sex marriage referendum in Washington state. Same-sex marriage was legalized in the state in February, but opponents got enough signatures to put the law in front of voters."
Here comes the new boss, same as the old boss.
Now it will become a real lefty rag.
Expect WaPo CDs to arrive in the mail, every other week.
Q: How is a liberal newspaper like a swimming pool?
A: They are both holes in the ground that you pour money into.
He must need a tax write-off............
Wealthy Lefties trying to save failing Liberal Rags appears to be the official meme of the day.
Jeff must be needing an excuse for getting as far away as he can from his old lady in Seattle on a regular basis.
I could not resist. “Dinosaur Media Death Watch”
Oh how the mighty phrases have fallen.
You gotta 'splain that one?
My first thought was that the Democratic Party purchased it.
But, I realized that there was no reason to waste money on something that already is well inserted up the Obamabutt.
Maybe, I remember getting a sh!tload of AOL CDs but never one from Amazon.