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'Washington Post' Sold to Amazon Founder Jeff Bezos

The Washington Post and its assets have been sold to Amazon founder Jeff Bezos (pictured, with his wife Mackenzie), ending four generations of ownership under the Graham family, the paper reports:

BezosBezos, 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.

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Comments

  1. This after Amazon just got $800 million from the CIA to host servers, has other deals with the US government, and cut off Wikileaks servers in 2010.

    Posted by: Mike | Aug 5, 2013 5:49:03 PM


  2. Smartest man in America. Interesting that this comes a day after Ms. Weymouth, the Publisher, told the New York Times that the Post would never be sold. I guess her Uncle, Donald Graham, forgot to tell her.

    Posted by: Perry | Aug 5, 2013 5:51:53 PM


  3. In the photo Mrs. Bezos looks very proud of Jeff, as well she ought. Adding Amazon, and now The Wash. Post, as well as Microsoft and who knows what other hugely influential companies/corporations and you have the Seattle area as one of the world's major game changers, in fact Microsoft alone has caused the entire world to recallibrate. Oh yes, and then there's Marriage Equality by POPULAR VOTE...the list goes on. This is heaven. Plus I live here LOL.

    Posted by: UFFDA | Aug 5, 2013 5:58:55 PM


  4. Seems like a good way to influence Washington DC not to rule that Amazon shipments should pay State taxes.
    California and its cities have lost many tens of millions in revenues that might have gone to local stores that create local jobs.

    Posted by: Bob | Aug 5, 2013 6:50:26 PM


  5. good for him and America....anything's better than the frothing at the mouth right wing buying these papers.

    Posted by: TCNNYC | Aug 5, 2013 7:52:45 PM


  6. Well, there goes the neighborhood.....

    Posted by: jamal49 | Aug 5, 2013 10:32:10 PM


  7. And, it will no doubt push Amazon's agenda to require online merchants to pay sales tax in all 50 states. Currently vendors only pay sales tax if they have a physical presence in the state. Amazon is opening warehouses and thus has a physical presence. They used the sales tax advantage to grow and now what to cut it off so competitors can't do the same thing. Bezos and Amazon are using regulations to harm competition. A paper in DC will be part of his lobbying for this anti-competitive move on the part of Amazon.

    Posted by: James Peron | Aug 6, 2013 12:16:36 AM


  8. I like Bezos .,..hopefully be somewhat the same newspaper..I remember reading the biography of the owner. Don't think she would have like this move

    Posted by: Tony C | Aug 7, 2013 12:55:34 AM


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