Amazon Founder Bezos To Buy Washington Post

Jeff Bezos, the Amazon.com founder who helped bring books into the digital age, is going after another pillar of “old media”: the newspaper.

Bezos is buying The Washington Post and other newspapers for $250 million, The Washington Post Co., announced Monday. Bezos is buying the paper as an individual. Amazon.com Inc. is not involved.

Washington Post chairman and CEO Donald Graham called Bezos a “uniquely good new owner.” He said the decision was made after years of newspaper industry challenges. The company, which owns the Kaplan education business and several TV stations, will change its name but didn’t say what the new name will be.
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