Business & Tech
Amazon.com Founder and CEO Bezos to Buy Washington Post
The sale could be completed within 60 days.
By Sharon McLoone
Amazon.com founder and CEO Jeff Bezos will buy Washington, D.C., hometown newspaper The Washington Post, WashingtonPost.com reported Monday.
Bezos will pay $250 million in cash for the Post and affiliated publications.
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"The sale to Bezos involves The Post and its website (washingtonpost.com), along with the Express newspaper, the Gazette Newspapers and Southern Maryland Newspapers in suburban Washington, the Fairfax County Times, the Spanish-language El Tiempo Latino newspaper, and the Robinson Terminal production plant in Springfield. Bezos will also purchase the Comprint printing operation in Gaithersburg, which publishes several military publications," The Post reported.
The company Amazon.com will have no role in the purchase, according to the news report.
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Bezos will be its sole owner.
The purchase ends the Graham family’s four-generation ownership of the news organization.
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