What will happen when Bilderberger Jeff Bezos takes over the Washington Post? *Updated W/ Video*Submitted by wellington on Thu, 08/08/2013 - 20:21
Amazon.com founder and Bilderberg member Jeff Bezos is all set to take control of the Washington Post from the Graham family who have owned the media publication for four generations.
Bezos paid $250 million for the Washington Post, along with the Express newspaper and several local weeklies bundled in.
Interestingly, the Bezos deal comes on the heals of another major media move, with the New York Times announcing that it’s selling its ownership in The Boston Globe. When the NYT purchased The Boston Globe in 1993 it had paid $1.1 billion for it. 20 years later, it’s had to dump it for a paltry $70 million.
So is Jeff Bezos betting on a dead horse? Some believe that both the Graham family and New York Times have seen the writing on the wall, and that traditional print titles are nothing but a dying breed – and a liability.
When Don Graham took over the helm of his family’s icon newspaper title in 1979, the Washington Post shared the responsibility of setting America’s news agenda with another media giant, The New York Times. But the old media paradigm has shifted drastically in the 21st century, where titles like the Post and Times have to compete with online content.
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