As has been thoroughly reported, Amazon.com founder and ceo Jeff Bezos is purchasing the Washington Post and associated newspapers on a personal basis from the publicly-traded Washington Post Co. for $250 million in cash. The company reported “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 purchase ends “the Graham family’s stewardship of one of America’s leading news organizations after four generations.” And it makes Bezos a […]
