Jeff Bezos, the chief executive of Amazon.com, entered an agreement with the Washington Post Co. Monday to buy its newspaper publishing businesses for $250 million, including its flagship newspaper after decades of family ownership.
The purchaser is an entity that belongs to Bezos and is not Amazon.com.
It follows other indications of Bezos' interest in news. He made a $5 million investment in Web news publication Business Insider earlier this year, and Amazon last week published a long-form Q&A with President Barack Obama on its Kindle Singles platform.
In a release, Washington Post Co. Chairman and … Read more