Breaking news: the Washington Post has been sold.
To Jeff Bezos. Yeah, that Jeff Bezos.
For $250 million in cash. First reaction: the WP was only worth that much?
Second reaction: is this part of some grand Amazon content strategy? Well…
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.
Or, to put it another way: reply hazy, ask again later.
This entry was posted on Monday, August 5th, 2013 at 3:56 pm and is filed under Clippings, Media. You can follow any responses to this entry through the RSS 2.0 feed.
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