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Jered Wilcox

Our Future Is Digital': Don Graham Reflects on Washington Post's Turning Point - 0 views

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    The purchase of The Washington Post by Internet mogul Jeff Bezos for $250 million will end nearly eight decades of that newspaper's ownership by the Graham family
Jenna Peterfeso

Washington Post to be sold to Jeff Bezos, the founder of Amazon - Washington Post - 1 views

  • 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.
  • The rise of the Internet and the epochal change from print to digital technology have created a massive wave of competition for traditional news companies, scattering readers and advertisers across a radically altered news and information landscape and triggering mergers, bankruptcies and consolidation among the owners of print and broadcasting properties.
  • will take the company private, meaning he will not have to report quarterly earnings to shareholders or be subjected to investors’ demands for ever-rising profits,
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  • As such, he will be able to experiment with the paper without the pressure of showing an immediate return on any investment
  • Indeed, Bezos’s history of patient investment and long-term strategic thinking made him an attractive buyer, Weymouth said.
  • “I don’t want to imply that I have a worked-out plan,” he said. “This will be uncharted terrain, and it will require experimentation.”
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    Entrepreneur Jeff Bezos has agreed to buy The Washington post for $250 million cash. Includes the Grahm family's feelings toward the deal and what made Bezo's an attractive buyer.
Jered Wilcox

The Washington Post closes sale to Amazon founder Jeff Bezos - 0 views

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    Amazon.com founder and chief executive Jeffrey P. Bezos formally took over as the owner of The Washington Post on Tuesday, officially ending 80 years of local control of the newspaper by the Graham family.
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