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.
Why did Jeff Bezos buy the Washington Post?
- One of the main reasons why media commentators are speculating the Bezos may have bought the Post is that he is attracted to the prestige that comes with being involved in one of the most influential newspapers in American history.
Does Jeff Bezos still own the Washington Post?
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. There’s not much of a template for business titans who step back from their top jobs.
Who owns and runs the Washington Post?
In 2013, Jeff Bezos purchased the paper for US$250 million. The newspaper is now owned by Nash Holdings LLC, a company controlled by Bezos.
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.
Who owned the Washington Post before Bezos?
Donald Graham, whose family had owned The Post for almost 80 years before he sold it to Mr. Bezos, said he was “delighted” by the editorial.
What does Nash Holdings own?
Bezos is buying us with his personal fortune rather than through Amazon. So who owns who with the what now? Nash Holdings LLC is buying The Washington Post. Nash Holdings is Jeff Bezos’s personal investment firm, so basically Bezos himself is buying The Post.
What media does Jeff Bezos own?
Media Owned By Jeff Bezos Or Amazon:
- MGM Studios.
- The Washington Post.
- Amazon Prime Video.
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.
Does Jeff Bezos have kids?
All about Jeff Bezos’ children Jeff Bezos and MacKenzie Scott are parents to four children – three sons and one daughter.
Who is Jeff Bezos wife?
That came just days after Bezos announced on Twitter that he and wife MacKenzie Scott were divorcing after 25 years of marriage. Bezos’ divorce was finalized in April 2019. That same month, Sánchez filed for divorce from talent agent Patrick Whitesell. Their divorce was finalized in October 2019.
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 Graham holdings?
Graham, his sister Lally Weymouth, and the beneficiaries of various family trusts) collectively control the company through their ownership of the unlisted Class A common stock that selects 70% of the company’s board of directors. As of 2014, it forms more than 90% of the family’s assets.