Jeff Bezos To Acquire The Washington Post For $250M

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http://techcrunch.com – Yes, you read that right. The Washington Post Company just announced that it has reached an agreement to sell its newspaper publishing business to Amazon founder and CEO Jeff Bezos for $250 million. “I, along with Katharine Weymouth and our board of directors, 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),” said Post Chairman and CEO Donald Graham in a press release. (The Graham family has owned a c (IT news)