Share “Amazon's Bezos completes Washington Post...”

Amazon's Bezos completes Washington Post purchase

Published on NewsOK Modified: October 1, 2013 at 5:10 pm •  Published: October 1, 2013
Advertisement

WASHINGTON (AP) — The Washington Post now belongs to Amazon founder Jeff Bezos.

The Washington Post Co. said Tuesday that it had completed the sale of the newspaper publishing business to Bezos, who said in August he was buying it for $250 million.

The soon-to-be-renamed Washington Post Co. is retaining the Kaplan education business, Slate magazine, TheRoot.com and Foreign Policy magazine, as well as the Post's headquarters building in downtown Washington. Bezos' newspaper will lease space in the building.

The Post, celebrated a generation ago for breaking the Watergate scandal, has been losing readers and advertisers to the Internet while watching its value plummet.

Bezos is buying the newspaper as an individual. Amazon.com Inc. is not involved.


AROUND THE WEB

  1. 1
    Vinita police chief: Extreme sunburn case still under investigation, drawing international media...
  2. 2
    Hundreds pack memorial service for man killed at north Tulsa park
  3. 3
    There’s a New Restaurant That Specializes in Potato-Chip Sandwiches
  4. 4
    The most popular liquor in every state
  5. 5
    The FBI has subpoenaed lewd text messages between Subway's Jared Fogle and a former Subway...
+ show more

FEATURED JOBS



× Trending business Article