Tuesday, August 06, 2013

Amazon.com billionaire Jeff Bezos agrees to buy Washington Post for $250M

The Detroit Free Press reports:
In a transaction rich in symbolism, digital billionaire Jeff Bezos, the founder and CEO of Amazon.com, has agreed to buy one of the nation's best and best-known legacy media publications, The Washington Post.

Bezos, who is paying $250 million in cash, is handling the deal individually, and the fabled newspaper will not be part of online retailer Amazon.com.
Will the Washington establishment "feel" better about taxing the internet now that Jeff Bezos is the owner of the Post?