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Bezos acquired The Washington Post in 2013 from "summary" of The Everything Store: Jeff Bezos and the Age of Amazon by Brad Stone
In 2013, Bezos made a surprising move when he acquired The Washington Post. The newspaper, founded in 1877, had been struggling with declining circulation and advertising revenue. Bezos’ purchase of The Washington Post for $250 million raised eyebrows and sparked speculation about his motivations for buying a traditional media organization. Bezos was not interested in The Washington Post as a financial investment but saw it as an opportunity to experiment with new business models and technologies. He believed that the newspaper’s long history of quality journalism and its loyal readership made it a valuable asset. Bezos was also intrigued by the potential for using The Washington Post as a platform for testing new ideas and innovations. Bezos’ ownership of The Washington Post brought a new level of scrutiny and attention to the newspaper. Some critics worried that Bezos’ ownership would compromise the newspaper’s editorial independence and integrity. However, Bezos assured the staff and readers of The Washington Post that he would not interfere with the newspaper’s editorial decisions and that he respected the importance of journalistic integrity. Under Bezos’ ownership, The Washington Post underwent a digital transformation. Bezos invested in new technology and resources to enhance the newspaper’s online presence and reach a broader audience. The Washington Post’s digital subscription base grew significantly, and the newspaper’s online traffic surged.- Bezos’ acquisition of The Washington Post demonstrated his willingness to take risks and think outside the box. By leveraging the newspaper’s reputation and influence, Bezos was able to explore new opportunities in the media industry and push the boundaries of traditional journalism.
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