Straight from the horse's mouth:
http://m.washingtonpost.com/national...f4d_story.html
Quote:
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The Washington Post Co.’s newspaper division, of which the Post newspaper is the most prominent part, has suffered a 44 percent decline in operating revenue over the past six years. Although the paper is one of the most popular news sources online, print circulation has dwindled, too, falling an additional 7 percent daily and Sundays during the first half of this year.
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Quote:
Post publisher Katharine Weymouth — Graham’s niece and the fourth generation of her family involved in the newspaper — will remain as publisher and chief executive of the Bezos-owned Post; executive editor Martin Baron will continue in his job. No layoffs are contemplated as a result of the transaction among the paper’s 2,000 employees, who were told of the sale at a company-wide meeting Monday afternoon.
Bezos said he would maintain his home in Seattle and would delegate the paper’s daily operations to its existing management. “I have a fantastic day job that I love,” he said.
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A bio and history lesson are included.