The news that Amazon’s founder and CEO bought The Washington Post for US$250-million sent shockwaves simultaneously through the media and tech industries today. Old media isn’t exactly going gangbusters. Just a few days ago The Boston Globe sold to Red Sox owner John W Henry for US$70-million, a fraction of the US$1.1-billion the New York Times paid for it in 1993. No, actually if you take into account the Globe’s pension obligations, which apparently sits around US$110-million, it sold for negative US$40-million.
To read the full, original article click on this link: 5 reasons why Amazon’s Jeff Bezos bought The Washington Post | memeburn
