TwitterACicon86x90vert facebookACicon86x90vert
TV/Radio XFINITY | WOW! | WBBM | WXRT | B96 + Dance | US99 | the Drive 97.1

YoutubeTwitterFacebookArlingtoncardinalYahoo! Google Bing Aol.ArlingtoncardinalTMZ Rotten Tomatoes ET Online Box Office MojoArlingtoncardinal Channel 9 WGN Channel 7 Chicago ABC Channel 5 Chicago NBC Channel 2 Chicago CBS Daily HeraldChicago Tribune Breaking NewsArlingtoncardinal Chicago Gas THE GUIDE

Jeff Bezos, Not Amazon, Is Buying Washington Post for $250 Million

Mon August 05 2013 10:23 pm
Share The Cardinal -- Articles (E-Mail, Facebook, Twitter & More) 

CHICAGO BEARS RADIO -- WBBM Newsradio 780 "Traffic on the 8's"

Gloria Borger reports on Amazon CEO Jeff Bezos purchasing The Washington Post and other properties for $250 million.

The Washington Post (WP) is the most widely circulated newspaper published in Washington, D.C., and oldest existing newspaper in the area — founded in 1877.

The Washington Post is one of the three major American daily newspapers, including The New York Times, and The Wall Street Journal. The Post has distinguished itself through its political reporting on the workings of the White House, Congress, and other aspects of the U.S. government.

Jeff Bezos is the founder and CEO of, Inc., an online merchant of books and a wide variety of products. Initially only involved in the of selling books, became the largest retailer on the World Wide Web and a top model for Internet sales.

“There is one thing I’m certain about: there won’t be printed newspapers in twenty years. Maybe as luxury items in some hotels that want to offer them as an extravagant service. Printed papers won’t be normal in twenty years.”

— Jeff Bezos

The Washington Post Company, the mass media known for owning The Washington Post, previously owned Newsweek and, but sold the magazine to 92-year-old audio pioneer Sidney Harman of Harman Kardon in 2010 after years of financial losses. The Daily Beast and Newsweek merged into a joint venture named The Newsweek Daily Beast Company, with IAC and Sidney Harman each owning 50 percent of the new company. IAC owns a number of brands, including, Citysearch, CollegeHumor,,,,,, Urbanspoon, and Vimeo. The Chairman of IAC is Barry Diller, who introduced Aereo, and Internet television service that provides local television streaming over the Internet.

In October 2012, Newsweek ceased print publication with the December 31, 2012, issue and changed to an all-digital format, called Newsweek Global.

Just before Jeff Bezos bought the Washington Post, he said in interview in the German newspaper Berliner-Zeitung, that no one would bother paying for news online and print would be dead in 20 years. Bezos also said that from experience on Amazon, executives learned that people are willing to pay for newspaper subscriptions on tablets. He believes in the near future every household will have multiple tablets.

Get updates from The Cardinal ALL NEWS FEEDS on Facebook. Just ‘LIKE’ the ‘Arlington Cardinal Page (become a fan of our page). The updates cover all posts and sub-category posts from The Cardinal — You can also limit feeds to specific categories. See all of The Cardinal Facebook fan pages at …

CLEAR SKIES?  Weather Data for Monday, August 5th, 2013

Tags: ,    

IMPORTANT NOTE: All persons referred to as subjects, defendants, offenders or suspects, etc. are presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

Try a more powerful search in the box below ... SEARCH BOX PRODUCES RESULTS FOR The Cardinal -- ...
(POWERFUL SEARCH for The Cardinal, which can be expanded on the results page.)

Where background Wikipedia info/photos are used, original work is modified and released under CC-BY-SA.

::: Health, wellness and fitness gifts! ::: Cubs, Sox caps at :::

ARLINGTON HEIGHTS BREAKING NEWS --The Cardinal -- is a breaking news blog with Arlington Heights & Chicagoland emphasis. Early breaking reports may prove to be inaccurate after follow-up investigation, which may or may not be updated in The Cardinal -- For in-depth coverage, please also check the following links for network television, cable news networks and Chicago local media coverage ...

Daily Herald | Daily Herald -- Arlington Heights |
Today's headline videos: FOXNews Video | | Associated Press | The Cardinal
Video LOGO youtube Twitter Arlingtoncards facebook battery status Cardinal Calendar Search Batteries Plus RSS Help ...
All Headlines
crimeblog | fireblog

Comments for
COMMENTS are now available via one or more of our official Facebook pages. Comments no longer appear on the article per se. Please comment on or check the other popular Arlington Cardinal Facebook pages at ...

Anyone having information about serious crime in Arlington Heights should register on and look for the anonymous TIP411 feature, or call Arlington Heights Crime Stoppers at 847-590-STOP (847-590-7867). Callers are guaranteed anonymity and may qualify for a cash reward of up to $1,000. Not a resident of Arlington Heights? Check for availability for your community. | Traffic on Twitter


Weather radar map is provided by

RSS Cardinal Weather Center