Breaking News

Washington Post Sold to Owner of Amazon
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Back to back with the sale of Boston Globe to the owner of baseball team Red Sox, comes the news of the iconic newspaper Washington Post being sold to Jeffrey P. Bezos, the billionaire founder of

With a legacy of high quality journalism and of toppling the Nixon government, the Washington Post continues to be one of the most popular newspapers in the nation, though taking a loss for the last seven years. Donald E. Graham, the chairman and chief executive of the Washington Post Company announced the news on Monday afternoon.


Graham said that the owners “decided to sell only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post (after a transaction that would be in the best interest of our shareholders).”

Graham stressed that Bezos would be buying the Washington Post in his personal capacity and not on behalf of his company. All publishing businesses owned by The Washington Post Company, with the exception of the Slate magazine, The and Foreign Policy are part of the $250 million deal.

Publications that would be changing hands include The Washington Post, The Express, The Gazette, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

The arrival of digital media and internet publishing made the Washington Post’s sales slump from 832,332 daily subscribers in 1993 to 474,767 by this March. It is perhaps symbolic that the newspaper, close to the heart of many, should be sold to an owner who changed the game of publishing and is one of the biggest influencers in the world of eBooks and e-reading devices.

Top executives of the newspaper including Weymouth, Stephen Hills, Martin Baron, Fred Hiatt and others will continue in their roles.


Interesting Legal Sites You May Like




Search Now

Mid-Level Commercial Business Litigator

USA-CA-Los Angeles

Los Angeles office is seeking a commercial business litigation attorney with 2-5 years of experience...

Apply Now

Senior Level Litigator

USA-CA-Woodland Hills

Woodland Hills office is seeking a litigation attorney with 5-7 years of experience and a background...

Apply Now

Litigation Associate Attorney


Stamford office of our client seeks litigation associate attorney with 3+ years of experience. The c...

Apply Now

Experienced Estate Planning Attorney


Torrance office is seeking an estate planning attorney with 7-10 years of experience.

Apply Now


Associate Attorney


A civil plaintiff’s law firm is hiring for an associate attorney, preferably with strong resea...

Apply now

Associate Attorney

USA-TX-Sugar Land

Insurance Defense firm seeks an Associate Attorney with a MINIMUM of 3-5 years\' experience in litig...

Apply now

Associate Attorney

USA-TX-San Antonio

One of Texas\'s largest Personal Injury Law firm seeks a highly motivated associate attorney with 3-...

Apply now

Associate Attorney


One of Texas\'s largest Personal Injury Law firm seeks a highly motivated associate attorney with 3-...

Apply now


To Top