Bezos Buys the Post

By The Economist, The Economist - August 6, 2013

MAYBE Jeff Bezos believes in karma. Bibliophiles and authors often blame Amazon, the online retailer he founded, for undermining the books business. On August 5th, however, Mr Bezos recast himself as an old-media saviour. The Washington Post Company has announced that it is selling its flagship newspaper, along with some of its other print assets, to Mr Bezos (himself, not Amazon) for $250m.

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