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Crossing the twitters right now:
The Washington Post has been sold to Jeff Bezos for $250 million.
— Romenesko (@romenesko) August 5, 2013
Very interesting…and developing.
Update
Here is the Post story on its sale.
Bezos, in an interview, called The Post “an important institution” and expressed optimism about its future. “I don’t want to imply that I have a worked-out plan,” he said. “This will be uncharted terrain and it will require experimentation.”
He said, “There would be change with or without new ownership. But the key thing I hope people will take away from this is that the values of The Post do not need changing. The duty of the paper is to the readers, not the owners.”
Bezos will be the sole owner of the paper.
