Bezos purchased the Post for $250 million in August 2013. At the time, the move shocked media and tech watchers who considered newspapers a dying business and Bezos as someone who was interested in anything but.
When did Jeff Bezos become the owner of the Washington Post?
Amazon chief Jeff Bezos bought the Washington Post in 2013, and within three years the paper had doubled its web traffic and become profitable – an impressive feat for a media company that struggled in the wake of the financial crisis.
Who owns Washington Post?
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.
Does Bezos still own the Washington Post?
Those include some wildly expensive ones — such as his space-travel company Blue Origin — that will get more of his focus in the coming years. Bezos plans to ride to the edge of space aboard a Blue Origin rocket just two weeks after stepping down. He also owns The Washington Post.
How did Jeff Bezos change Washington Post?
He appointed a new publisher and turned The Post’s business strategy — and, by extension, its journalistic one — upside down, stipulating that its outlook would change from local to national, even global.
When did Washington Post Add democracy dies in darkness?
“Democracy Dies in Darkness” is the official slogan of American newspaper The Washington Post, adopted in 2017. The slogan was introduced on the newspaper’s website on February 22, 2017, and was added to print copies a week later.
Who owns the Post?
In the mid-20th century, the paper was owned by Dorothy Schiff, a devoted liberal, who developed its tabloid format. In 1976, Rupert Murdoch bought the Post for US$30.5 million. Since 1993, the Post has been owned by Murdoch’s News Corp.
What does Nash Holdings own?
Nash Holdings LLC is the private company owned by Bezos that bought The Washington Post for $250 million. Bezos Family Foundation is run by Jeff Bezos’ parents, and is funded through Amazon stock. It focuses on early education, and has also made an investment in LightSail Education’s $11 million Series B round.
Does Jeff Bezos have kids?
Amazon’s Jeff Bezos and his ex-wife, novelist MacKenzie Scott, share four children – three sons and one daughter. The pair adopted their daughter from China. The offspring of the wealthiest man in the world prefer to stay out of the limelight, no easy feat with the attention their father gets.
Who sold the Washington Post?
On Aug. 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.
Is The Washington Post privately owned?
On June 15, The Washington Post Company went public with the sale of Class B common stock to the general public for $26 per share. Until then The Post Company had been privately held. Its stock is listed on the New York Stock Exchange with the symbol WPO.