Wash Post sold

Discussion in 'Too Hot for Swamp Gas' started by rivergator, Aug 5, 2013.

  1. rivergator
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    rivergator Well-Known Member

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    to Amazon founder for $250 million
  2. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    Cue indignant Azcat
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  3. Gatorrick22
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    Gatorrick22 Well-Known Member

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  4. demosthenes
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    demosthenes Well-Known Member

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    Was this Bezos or Amazon?

    If Amazon this will get the anti-Amazon posters going from the other thread. :yes:
  5. rivergator
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    rivergator Well-Known Member

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    Bezos, not Amazon.
  6. Gatorrick22
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    Gatorrick22 Well-Known Member

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    He interjected himself into the gay marriage debate after I stopped shopping on his crappy website.
  7. AzCatFan
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    AzCatFan Well-Known Member

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    Not indignant. Just miffed how Amazon's stock price can remain so high without ever profiting. Not that Amazon hasn't done some great things, especially with their tech offerings. The Kindle is a great product, and it will be interesting to see what Bezos does to bring the Post, and newspapers in general, into the 21st Century.
  8. gatordowneast
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    gatordowneast Well-Known Member

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    He likely overpaid but likely doesn't care. Boston Globe just sold for $60 M to John Henry after having been sold to NY times for $600 M a few years ago.
  9. asuragator
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    asuragator Well-Known Member

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  10. rivergator
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    rivergator Well-Known Member

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    Henry paid $70 million for the Globe which last sold for $1.1 billion in 1993.

    sad to see newspapers fade like this
  11. Emmitto
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    Emmitto VIP Member

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    Bezos really overreacted to your change in shopping habits.
  12. Swampmaster
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    Swampmaster New Member

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    why do they keep printing all these newspapers when you can read them online? this model is dead.
  13. rivergator
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    rivergator Well-Known Member

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    some people obviously want them in print. It does sell 470,000 copies a day. And newspapers make so little money online that if they went completely digital, the content would shrink dramatically.
  14. candymanfromgc
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    candymanfromgc Well-Known Member

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    I would be hesitant to buy a paper these days no matter how many billions I had laying around. But he is wealthy and me-not so much.
  15. Minister_of_Information
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    Minister_of_Information I'm your huckleberry Premium Member

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    The WaPo's name is worth something, they do have one of the better reputations out there.
  16. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    And a huge readership, fiscally marred by the cost of print.

    I suspect Bezos will have a more forward-thinking approach. Frankly, $250M for that brand and readership will likely become a bargain.
  17. GatorGrowl
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    GatorGrowl Forum Admin Staff Member GC Staff VIP Member

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    In the 80's and 90's I purchased 4 papers most days, I do not think I have bought a paper in 10 years... same with magazines I used to subscribe to several and now none.
  18. dynogator
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    dynogator Well-Known Member

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    We subscribe to the Post. I like to read it in the kitchen, husband takes it to Starbucks. Most of his day is staring at screens, he likes the feel of newspaper in the morning. I used to work for a newspaper, so I have lingering loyalties.
  19. Gatorrick22
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    Gatorrick22 Well-Known Member

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    :laugh:
  20. MichaelJoeWilliamson
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    MichaelJoeWilliamson Well-Known Member

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    Interesting. Why no outcry about this sale or the sale of the Boston Globe? I mean, when the Koch brothers considered buying the LA Times, the knashing of teeth and beating of breast among the media was rampant.

    Why not now for these two purchases? Where is the concern? Where is the outrage?

    I don't know much about the politics of the buyers of the WaPo and Boston Globe, but I suspect they are much different than the strong libertarian lean of the Koch brothers. And therein lies the difference.
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