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Was the Washington Post sold to Jeff Bezos?

Was the Washington Post sold to Jeff Bezos?

In late September 2013, Jeff Bezos purchased the paper for US$250 million. The newspaper is now owned by Nash Holdings LLC, a company controlled by Bezos.

Why did Jeff Bezos buy the Washington Post?

Because doing so would rob from Peter (media companies) to pay Paul (Amazon), Bezos made the purchase personally to keep the red ink of the media side from dragging down Amazon’s financials.

Has the Washington Post changed since Jeff Bezos bought it?

The paper has flourished under Mr. Bezos’ ownership. Since he bought the newspaper in 2013 for $250 million, The Post has added over 200 people to its newsroom, which now numbers 900 journalists, and won plaudits and awards for its coverage of, among other subjects, the Trump administration.

How much does Jeff Bezos make from the Washington Post?

As for the people who work at the Washington Post, PayScale.com estimates that the average employee there makes $78,000 per year. So it takes Jeff Bezos less than a half a minute — 26 seconds, to be more precise — to make the average Washington Post staffer’s $78,000 annual salary.

Did Jeff Bezos buy The New York Times?

There have been rumours for years about Amazon purchasing The New York Times or vice versa, but nothing concrete has ever materialised. And Amazon founder Jeff Bezos owns a personal newspaper company called The Washington Post, so he may not want to invest in another news outlet right now.

Does Jeff Bezos own the NY Times?

In one word, No, Amazon does not have ownership of the New York Times. They do not even have ownership of The Washington Post or WIRED magazine or Business Insider.

Does Bezos own NY Times?

Conclusion. In one word, No, Amazon does not have ownership of the New York Times. They do not even have ownership of The Washington Post or WIRED magazine or Business Insider. It is a common misconception that all major news outlets are owned by one large corporation, but that is just not true.

How much did Jeff Bezos spend on the Washington Post?

$250m
The boss of Amazon, Jeff Bezos, has agreed to purchase the Washington Post newspaper for $250m (£163m). Mr Bezos is buying the paper and its other print properties in a personal capacity. The Post has been owned by the Graham family for 80 years.

What company owns Washington Post?

5, an agreement was announced to sell The Washington Post newspaper and other newspaper division assets to Amazon.com founder Jeff Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations.

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