Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist

Journalist @baltimoresun writer artist runner #amwriting Chaplain PIO #partylikeajournalist
Journalist @baltimoresun writer artist runner #amwriting Md Troopers Assoc #20 & Westminster Md Fire Dept Chaplain PIO #partylikeajournalist
Showing posts with label People Bezos Jeffrey P. Show all posts
Showing posts with label People Bezos Jeffrey P. Show all posts

Wednesday, August 07, 2013

Reflections of a Newsosaur: Digital doctor Bezos takes on the ailing Post

Reflections of a Newsosaur: Digital doctor Bezos takes on the ailing Post

http://newsosaur.blogspot.com/2013/08/digital-doctor-bezos-takes-on-ailing.html

"The purchase of the struggling Washington Post by Jeff Bezos may be the best news the news industry has had in a long time, because it finally puts a true digital native at the helm of a newspaper company. 

Bezos, the billionaire founder of Amazon.Com, is uniquely equipped to bring unprecedented innovation and fresh energy to an industry whose managers run their businesses like the people of Cuba treat their 1953 Plymouths: tinkering with them just enough to keep them running. "


While the people in Cuba unfortunately have no other options, the newspaper industry has been sputtering toward irrelevance for the better part of a decade because editors and publishers either don’t like or don’t get digital publishing. Perhaps, it’s a bit of both. 

Either way, Bezos, who is paying $250 million of his own money to buy the newspaper from the heirs of the man who purchased it out bankruptcy in 1933, now has the opportunity to show publishers how to do digital. And it’s a safe bet he will grab it.  

With a personal fortune topping $25 billion, Bezos has the demonstrated means, insight and patience to re-envision the business model of an industry that has lost more than half of its primary revenue stream since advertising sales peaked at $49.4 billion in 2005. 


'via Blog this'

http://newsosaur.blogspot.com/2013/08/digital-doctor-bezos-takes-on-ailing.html

 - See more at: http://kevindayhoff.blogspot.com/#sthash.fU6NrZxm.dpuf
*****

Tuesday, August 06, 2013

Washington Post to be sold to Jeff Bezos, the founder of Amazon

Washington Post to be sold to Jeff Bezos, the founder of Amazon

By Paul Farhi, Published: August 5, 2013


The Washington Post Co. agreed Monday to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations.

Bezos, whose entrepreneurship has made him one of the world’s richest men, will pay $250 million in cash for The Post and affiliated publications to The Washington Post Co., which owns the newspaper and other businesses.

Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days. The Post Co. will get a new, still undecided name and continue as a publicly traded company without the newspaper.

The deal represents a sudden and stunning turn of events for The Post, Washington’s leading newspaper for decades and a powerful force in shaping the nation’s politics and policy. Few people were aware that a sale was in the works for the paper, an institution that has covered presidents and local communities and gained worldwide attention for its stories about the Watergate scandal and, in June, disclosures about National Security Agency surveillance programs


*****

Monday, August 05, 2013

Amazon founder Bezos to buy Washington Post - herald-mail.com

Amazon founder Bezos to buy Washington Post - herald-mail.com: "By The Associated Press 5:06 p.m. EDT, August 5, 2013

http://www.herald-mail.com/news/hm-amazon-founder-bezos-to-buy-washington-post-20130805%2C0%2C229959.story

LOS ANGELES — Jeff Bezos, the Amazon.com founder who helped bring books into the digital age, is going after another pillar of “old media”: The Washington Post.

Bezos, 49, struck a deal announced Monday to buy the venerable Washington broadsheet and other newspapers for $250 million. It was a startling demonstration of how the Internet has created winners and losers and transformed the media landscape."

Read more: http://www.herald-mail.com/news/hm-amazon-founder-bezos-to-buy-washington-post-20130805%2C0%2C229959.story
'via Blog this'