Menu
From our family at the " Jewish News Today " to your family Happy Chanukah and best wishes

From our family at the " Jewis…

During Chanukah lets all ...

World Jewish Congress urges UN Security Council to take collective action against Hamas

World Jewish Congress urges UN Secu…

NEW YORK – The World Jewi...

3rd Diplomatic Race to celebrate Israel's special needs community

3rd Diplomatic Race to celebrate Is…

Ahead of International Da...

Deadly Shooting at Pittsburgh Synagogue

Deadly Shooting at Pittsburgh Synag…

According to police and m...

PM Netanyahu's remarks at the start of the weekly cabinet meeting

PM Netanyahu's remarks at the start…

PM Netanyahu: "Israel sta...

11 Dead, 6 Injured in Pittsburgh Synagogue Shooting

11 Dead, 6 Injured in Pittsburgh Sy…

The gunman who killed 11 ...

World Jewish Congress expresses concern at explosion targeting Jewish community leader in Kazan, Tatarstan

World Jewish Congress expresses con…

NEW YORK - The World Jewi...

PM Netanyahu addresses the Christian Media Summit

PM Netanyahu addresses the Christia…

Iran wants to base itself...

PM Netanyahu visits the Ein Keshatot archaeological site on the Golan Heights

PM Netanyahu visits the Ein Keshato…

We will continue to act w...

PM Netanyahu and Chancellor Merkel hold working meeting

PM Netanyahu and Chancellor Merkel …

​We are seizing the futur...

Prev Next
A+ A A-
Booking.com

Amazon Founder to Buy Washington Post

VOA, The founder of Internet retail giant Amazon, Jeffrey Bezos, is buying one of the top U.S. newspapers.

The Washington Post announced Monday that Bezos will buy the paper and its affiliated publications for $250 million. It said Amazon has no role in the purchase.

The Post, which is known for breaking major stories including the Watergate scandal in the Nixon era, had been owned by the Graham family for four generations.

In a statement Monday, Post Chairman Donald Graham said the paper would be better served with another owner. He said newspaper-industry challenges, including declining revenue, led the family to consider selling the paper.

The Graham family is one of many multigenerational families that have sold metropolitan newspapers in recent decades.


Amazon founder Jeffrey Bezos is seen at a product demonstration in Santa Monica, California, in this September 6, 2012, file photo.xAmazon founder Jeffrey Bezos is seen at a product demonstration in Santa Monica, California, in this September 6, 2012, file photo.
Bezos said in a letter published on the Washington Post's website that the paper will not change radically.

He said "the values of The Post do not need changing." Bezos said "the paper’s duty will remain to its readers and not to the private interests of its owners."

The Amazon CEO says he will remain in Seattle, where Amazon is based, and will delegate the paper's daily operations to managers.

The Post reports that Bezos ranks 11th on Forbes list of the wealthiest individuals in America with a net worth of $23.3 billion.

The Washington Post says it has suffered a 44 percent decline in its operating revenue over the past six years. The decline is part of an industry-wide challenge for newspapers, which are losing advertising revenue and circulation.

The Post has been a leading U.S. newspaper for decades, breaking stories such as the Watergate scandal, the Pentagon Papers and recently, disclosures about the National Security Administration's surveillance programs.

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

back to top

Sections

Jewish Traditions

About Us

Community

Cooperations

Follow Us