Enter
POINTERS
HUFFINGTON
08.11.13
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The Washington Post shocked its staff and the media world with an
announcement this week that the paper would be sold to Amazon founder Jeff
Bezos for $250 million. The family of Washington Post Company CEO Donald
Graham has owned the paper for generations, but Graham said they decided
to sell because of economic struggles. The company’s newspaper division lost
$49.3 million in the first half of 2013. “I, along with Katharine Weymouth and our
board of directors, decided to sell only after years of familiar newspaper-industry
challenges made us wonder if there might be another owner who would be better
for the Post,” Graham said. Bezos, who is personally worth $25.2 billion, also
bought other newspaper titles owned by the company, including The Gazette
Newspapers, Fairfax County Times and Sout hern Maryland Newspapers.