Jeff Bezos has done something that could prove to have far greater influence than being elected to Congress. He has bought The Washington Post. "This will enable him to manage the communication of the inevitable regulation and restrictions Congress will place on digital copyrights, online taxation practices, antitrust, etc.," noted KD+E's Erik Dochtermann. And that's just for starters.
News that Amazon CEO Jeff Bezos is acquiring The Washington Post, one of the top newspapers in the United States, shook the publishing world on Monday. Bezos is buying the paper for US$250 million in cash, a transaction that will include affiliated publications. Bezos is making the acquisition as an individual -- the Post is not to be part of Amazon's vast array of products and services.
Much is being said about this sale epitomizing the demise of print journalism's golden era. The Washington Post has carved an indelible mark in U.S. history, with its fight to publish the Pentagon Papers and its reporting on Watergate -- events that occurred decades ago but still resonate.
- http://www.ecommercetimes.com/story/Mr-Bezos-Goes-to-Washington-78661.html#sthash.RwykIY3r.dpuf