The Man that brought us Amazon.com , the Kindle Book Store, the Kindle tablets has purchased one of the oldest Newspaper businesses in America.
Jeff Bezos is a man that expands and doesn’t care much about profit, but this purchase is a personal one which he owns 100% and isn’t associated with Amazon in anyway. The purchase of The Washington Post cost Mr. Bezos $250M in cash which is said to be less than 1% of his networth.
The Amazon.com CEO will gain a lot from the purchase such as Express daily, The Gazette Newspapers, the Southern Maryland Newspapers and of course The Washington Post Newspaper including its website.
Katharine Weymouth the former owner of the Post has said she’ll still be onboard as the CEO and publisher of the Post.