Jeff Bezos, the founder of Amazon and the world's 19th richest man, has acquired The Washington Post, long one of the country's most influential and prestigious daily newspapers, for $250 million, the companies announced today.
By acquiring a cornerstone of Washington DC media, Bezos immediately becomes a player in the nation's capital and expands his already significant profile in the media world. Founded 136 years ago, the Post is best known for its reporting on the Watergate scandal, which led to the resignation of US President Richard Nixon in 1974
quote:I doubt he's expecting to make money from it. It's likely more of prestige/passion thing, like the Facebook guy who bought The New Republic.
and to Bezoz, HAHAHAHAHAHAHAHA!!!! DUMBASS!!!!!!
Newspapers are pretty worthless now.
quote:I know, but he can't keep people reading newspapers, online or otherwise. When traditional subscribers continue to cancel and die off, his market will steadily shrink.
People still read news and see ads while they read them. I buy a lot of one off items or gifts from Amazon, so a lot of times their suggestions are terrible. That being said, if he ties this in to Amazon, they will know an awful lot about Prime Members and will learn even more when they see what stories attract your attention.