Jeff Bezos Pays $250 Million to Purchase Washington Post Newspaper Business

August 5th, 2013

Jeff Bezos Washington Post

Amazon CEO Jeff Bezos continues the billionaire newspaper buying spree that began with Warren Buffett and gained momentum last week when Red Sox owner John W. Henry acquired The Boston Globe. Bezos purchased the Post through a personally-controlled entity not tied to retail giant Amazon.

Top-of-the-masthead staff, as well as the Washington Post name, are expected to stay in place.

Read more at Forbes.com.

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