August 24, 2013

Bezos, Amazon’s Founder, to Buy The Washington Post - NYTimes.com


The Washington Post, the newspaper whose reporting helped topple a president and inspired a generation of journalists, is being sold for $250 million to the founder of Amazon.com, Jeffrey P. Bezos, in a deal that has shocked the industry.

Donald E. Graham, chairman and chief executive of The Washington Post Company, and the third generation of the Graham family to lead the paper, told the staff about the sale late Monday afternoon. They had gathered together in the newspaper’s auditorium at the behest of the publisher, Katharine Weymouth, his niece.

Read more...Bezos, Amazon’s Founder, to Buy The Washington Post - NYTimes.com

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