Posted on 08/05/2013 5:48:36 PM PDT by 2ndDivisionVet
Journalists responded with shock, awe and a predictable amount of snark to the news that Amazon.com founder Jeff Bezos had bought The Washington Post.
The news was announced Monday afternoon. Bezos himself, rather than his company, bought the Washington newspaper for roughly $250 million.
The sale includes just the Post and not other publications owned by The Washington Post Company. Esquire's Chris Jones joked about Bezos's decision not to buy the contrarian Slate.com, which The Washington Post Company owned for the last few years.....
(Excerpt) Read more at thehill.com ...
Bezo does not always make financially golden decisions.
His money to squander I guess.
I will however be interesting to see what he does with the newspaper
is he liberal and wanting to prop up a liberal news icon such as the Post?? if so, would be a liberal putting his money where his mouth is.
Newspapers and news organizations are facing very difficult times financially. Hard to imagine investing in a newspaper will be a good long term investment.
I don’t think we wrap fish in newspapers any more although many of them do smell fishy. However, street vendors in the formerly great Britain still wrap fish and chips in newspapers so he may be going for the foreign market as a status symbol sort of thing.
I wouldn’t have paid $2.50 for it.
This will be interesting to watch. Like him or not he is a pretty sharp guy. He might change the way we get news.
I didn’t know that ‘contrarian’ meant predictably left wing.
He only paid $250 million out of his own pocket (not Amazon’s) for the whole kit-and-caboodle, including Kaplan’s http://www.kaplan.com which is throwing off money, IIRC. Might be he stole it.
When I was stationed in Korea many moons ago, the vendors and stalls would use our disposed of paper (off the military installations) to make bags for snacks, food markets and other shops. One night I was eating $1 worth of fried shrimp (probably 2-3 lbs) and when I got done, I noticed that the paper they used was marked SECRET.
As has been discussed ad infinitum on the drive by media threads, more and more the public demands a discussion - not a lecture. First rate news delivery requires discussion allowing for answers and correction by the reporter. This was one of the factors that drew me to Bill Roggio’s site in the late nineties.
The writers at the post would need to change a lot to be able to compete with the rising competition out there.
I don’t see it happening for the aging leftists they’ve got.
Journalists are pissed?
Then it must be a good move.
Bezo is a flaming liberal, IIRC. Very pro-sodomy. :(
How much was it worth at it’s most?
Probably billions. The NYT bought the Boston Globe for a billion and just sold it for $70 million.
He said outright that “newspapers will not be published 20 years from now”.
Sounds like he’s planning on building an online presence on the name alone. I wouldn’t.
Newsweek went for a dollar to turn it into the “Daily Beast”. So, more than a dollar.
He is libertarian.
MSM journalst lost their honor and integrity years ago...if indeed they ever had them.
Their snark is snot and no one cares any longer.
My first reaction on seeing those reactions was “these people get paid for writing?” Oh, well. Madonna gets paid for singing.
I would.
And then I would make major changes in the news coverage. I’d remove the constant liberal slant on everything and I’d cover stories that the liberals are afraid to touch.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.