4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Amazon's Bezos buys Washington Post for $250 million

But the ailing newspaper will not be part of booming Amazon

The Washington Post Co. has agreed to sell its flagship paper to Amazon.com founder Jeff Bezos for $250 million in cash. The paper will not be part of Amazon, which is prospering handsomely.

The deal includes a few other smaller papers. The Washington Post Co. will change its name at some point. It is retaining certain assets such as publications Foreign Policy, Slate, and TheRoot.com.

It will not sell its headquarters building, cable operator CableOne, and the Post-Newsweek network of TV stations.

The Washington D.C. company will keep its for-profit education operation, Kaplan. This company has not generated as much controversy as San Diego's Bridgepoint Education, but there have been many probing questions about its modus operandi.

Bezos is said to be worth $25 billion.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Some locals accept the fact that there are a lot of tourists here

“A lady thought I was drowning and called all these people”

The Washington Post Co. has agreed to sell its flagship paper to Amazon.com founder Jeff Bezos for $250 million in cash. The paper will not be part of Amazon, which is prospering handsomely.

The deal includes a few other smaller papers. The Washington Post Co. will change its name at some point. It is retaining certain assets such as publications Foreign Policy, Slate, and TheRoot.com.

It will not sell its headquarters building, cable operator CableOne, and the Post-Newsweek network of TV stations.

The Washington D.C. company will keep its for-profit education operation, Kaplan. This company has not generated as much controversy as San Diego's Bridgepoint Education, but there have been many probing questions about its modus operandi.

Bezos is said to be worth $25 billion.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Comments
8

This could be part of a new pattern for billionaires to engage in some unwitting philanthropy. That is, Mr. Huge Bucks buys a newspaper in hopes of making a killing and then operates it at a loss for years and years, waiting for the thing to turn around. Inadvertently, he keeps it going as a public service, and is remembered more for his news operation than he is for how he made the fat fortune in the first place. Bezos has something very profitable in mind here, but he's straying off his turf, and could find out that his plans just don't pay off.

Aug. 5, 2013

Visduh: The Washington Post has really sunk. It's amazing how far it has fallen. I am not sure I understand what Bezos wants, and why he paid $250 million without getting the juicy downtown Washington real estate. Best, Don Bauder

Aug. 5, 2013

Let's celebrate that the smarmy Koch brothers didn't snap it up. And while it will not be part of Amazon, the Washington Post (ad-free) is already available via the Amazon Kindle for $11.99 a month. Amazon has a huge interest in media distribution, and that will only grow. Amazon also has streaming of recent movies for a fee, like Netflix. Bezos is no fool, so I'm sure he has some interesting plans for the Post.

Aug. 5, 2013

dwbat: But the last thing he wants to do is to have healthy Amazon take on the sick Post. You may be right: he wants to bring it aboard later. Here's a bet that it will either decline in value more, or stagnate, and it won't be integrated into Amazon. Frankly, it appears to me, without analyzing the deal, that he paid too much. Best, Don Bauder

Aug. 5, 2013

A lobbying tool. Amazon has many issues ahead. Sales taxes, its employment practices (they use a lot of contract labor with low wages and no benefits), antitrust, patents, banking, monopoly, international relations, internet law, and many more. Why not own the bullhorn in the middle of the beltway.

Aug. 5, 2013

Ponzi: That is quite possible. Use the paper to influence legislation that could line your own pockets. What the hell, Manchester is using his alleged newspaper to line his own pockets in San Diego. Best, Don Bauder

Aug. 6, 2013

I can't believe that, with Amazon's foray into streaming internet video, Mr. Bezos didn't cough up another 1.5 billion or so and pick up the CableONE cable provider assets. Being a cable provider and internet ISP would seem more in synergy with Amazon that a newspaper.

Aug. 6, 2013

theOtherLadyDi: Of course, Bezos claims he bought it for himself; it will not be part of Amazon. Skeptics can see many ways by which the Post can help Amazon. With consolidation going on in that communications industry, companies have to eat or be eaten. Best, Don Bauder

Aug. 7, 2013

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Drinks All Around — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close