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Challenges face Bezos as he buys Washington Post



Published: Tue, August 6, 2013 @ 10:21 a.m.

Challenges face Bezos as he buys Washington Post

LOS ANGELES (AP) - Jeff Bezos turned selling books online into a multibillion-dollar business that has changed retailing forever. Many are now anxious to see if Bezos can do the same for the media industry, after the Amazon.com founder announced he is buying The Washington Post and other newspapers for $250 million. Monday’s news of the sale to the 49-year-old pioneer of Internet commerce came as a shock to observers, many of whom thought the Graham family would never sell. It also sparked hope among the ranks of reporters beset by seemingly endless cutbacks.


Comments

1busyman(239 comments)posted 1 year, 4 months ago

Is it not ironic? All these dot comers that use the web to make their billions are felling nostolgic now and saving the hard copy institutions they almost put out of exsistence. Here is a pre loaded Thank you, too the rest of them who will see the light and help save real, put in your hands communications.

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