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Wednesday, August 07, 2013

Jeff Bezos Buys Washington Post For $250 Million, Gets A Few Add-On Items

Newspapers are dirt cheap these days. If you’ve always dreamed of owning one, it’s time to scoop one up. The headline took a lot of people by surprise: Jeff Bezos, CEO of Amazon, bought the Washington Post. What, like he downloaded it on his Kindle? No, he bought the entire paper from the Washington Post Company for $250 million in cash.
The Washington Post Company plans to rename itself, obviously. In addition to the newspaper, the company also owns the education giant Kaplan, the online magazine Slate, a cable comany, a bunch of local television stations, and a health care company.

1 comment:

Anonymous said...

He'd be better off flushing half of it down the toilet. Only a couple of their "assets" are worthwhile. Their trash rag isn't.