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The Washington Post Co. (click here) has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations.
Bezos, whose entrepreneurship has made him one of the world’s richest men, will pay $250 million in cash for The Post and affiliated publications to the Washington Post Co., which owns the newspaper and other businesses....
Mr. Bezos got a real deal. The archives alone are worth plenty. I wish him well.
This is always sad when traditions disappear, but, the Boston Globe has a hometown owner now and this is real opportunity for Mr. Bezos who might find minority management a pleasure. I look forward to his new paper, it's name and much success.
