Can Jeff Bezos defy Buffett’s law and save the Washington Post?

CNN September 19, 2013 0

(Fortune) At $250 million, Jeff Bezos’s purchase of the Washington Post , which is due to be completed next month, isn’t the year’s biggest deal, but it’s perhaps the most fascinating: New media meets old media. Visiting D.C.

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(Fortune)

At $250 million, Jeff Bezos’s purchase of the Washington Post, which is due to be completed next month, isn’t the year’s biggest deal, but it’s perhaps the most fascinating: New media meets old media. Visiting D.C. at the start of September, the Amazon boss told the Post’s staff that their position was far from hopeless and that he was committed to high-quality journalism. As a former newspaperman, I’m hoping he can assure the Post’s future, but I’m reminded of an old saying of Warren Buffett’s: “When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”


Article originally posted in CNN Money website.

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