Quote:
Jeff Bezos, the chief executive of Amazon.com, entered an agreement with the Washington Post Co. Monday to buy its newspaper publishing businesses for $250 million, including its flagship newspaper.
The purchaser is an entity that belongs to Bezos and is not Amazon.com. [...]
In a letter to Post employees, in which Bezos acknowledged that many would greet his purchase with apprehension, he noted that the paper's editorial leadership would continue to lead day-to-day activities, as he remains focused on his "day job" at Amazon.
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Link:
Amazon's CEO to buy Washington Post for $250M (CNet).
The deal does not include Slate. (Too bad; it would have resulted in a spectacular explosion of brains.)
[image by Adam Glanzman via
Flickr]