Jeff Bezos Buys The Washington Post for $250 Million

Paul Farhi, reporting for the Post:

The Washington Post Co. has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations.

Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days.

I did not see that coming. Here’s Bezos’s letter to Post employees.

★ Monday, 5 August 2013