the author; Mowgli
Beijing time on August 6, according to foreign media reports, the Washington post group, announced Monday that the company has, including the Washington post newspaper distribution business for $250 million sold to amazon CEO Jeff Bezos (Jeff Bezos). It is worth noting that the bezos will use personal identity, rather than through the amazon to complete the deal.
the deal does not include “Slate” magazine, TheRoot.com and foreign policy, but including newspaper “Express”, “Gazette Newspapers”, “Southern Maryland newspaper (Southern Maryland Newspapers),” Fairfax County Times “, “El Tiempo Lati” and “Greater Washington”. Washington post group also owns a professional education and vocational training education group kaplan’s Washington post, on the basis of a trade agreement with bezos, will change the name of the company. The Washington post group, expects the deal is expected to be completed by the end of the year. After the completion of a transaction, Katherine wei moss (Katharine Weymouth) will remain as CEO of the Washington post publisher, Stephen Hills (Stephen Hills) will remain as President and general manager; Martin barron (Martin Baron) will remain as executive editor.
the Washington post group chairman and chief executive, Donald Graham (Donald Graham) said, “the newspaper industry in recent years the common challenges, let we suspect that there is someone else better suited to the Washington post. Because of that, the company decided to sell the Washington post.” Graham said, bezos is a technical and commercial genius, he is the new owner of the Washington post very useful.
bezos said in a statement on Monday, “I know” Washington post “in Washington, d.c. and the importance of the whole country. The Washington post, the value will not change as a result. To the reader’s responsibility will continue to be the core of the Washington post, I have confidence in the future of the Washington post.” Published in the Washington post website to employees in the notice, bezos said, “the newspaper still want for readers, rather than the private interests of the owner is responsible for. We will continue to pursue it advocated the authenticity, we will try to avoid making mistakes. If the error, we will as soon as possible, to admit his mistakes.” Bezos also said that he would not be involved in the day-to-day management of the Washington post. He said, “I am very glad to live in another Washington, where there was a daily job. I like”
with other competitors of newspaper industry, the Washington post group’s core business – print advertising revenue is sharply lower. Group in 2012, the Washington post newspaper distribution business operating loss of $53.7 million, less than a year of operating losses of $21.2 million. The Washington post group had said earlier this year, the company is considering selling the group headquarters is located in downtown Washington.
by private, the Washington post, bezos became the latest by an attempt to revive the newspaper industry’s billionaires. Previously, the Boston red sox baseball team boss John Henry (John Henry) has agreed to buy the Boston globe. “Stock god” Warren Buffett (Warren Buffett) in recent years has been formed their own newspaper empire.
, 49, bezos personal net worth of $28.2 billion, which also makes him ranked 15th in the middle of the bloomberg billionaires list. Bezos personal assets than the Google (weibo) co-founder Larry Page, Larry Page and Sergey Brin (Sergey Brin), as well as Microsoft chief executive Steve Ballmer (Steve Ballmer) and Dell founder Michael Dell (Michael Dell).
the Washington post group shares rose $8.75 in regular trading nyse, or 1.56%, to $568.70. In the following in after-hours trading, the news, the Washington post group shares rose $25.25, up 4.44%, to $593.95. Over the past 52 weeks, the Washington post group minimum price is $327.00, the highest price is $577.00.
the following for bezos memo: in full to the Washington post staff
“heard the news, many of you will feel insecure. When a family owns a business for many years, no matter is good or bad, always be kind, insist on integrity, like the guardians who have important value – when the family really did as good as it gets – to change your concern is very natural thing.”
“so, let me have some of the key content. Don’t need to change the value of the Washington post. Newspapers still want for readers, rather than the private interests of the owner is responsible for. We will continue to pursue it advocated the authenticity, we will try to avoid making mistakes. If the error, we will as soon as possible, to admit his mistakes.”
“I am not involved in the day-to-day management of the Washington post. I’m very happy to live in another Washington, where have I like of the daily work. In addition, the Washington post already has an excellent management team, familiar with the news business more than me. For them to accept to stay on, I’m very grateful.”
“as time goes on, the Washington post, of course, change will happen in the future. No matter whether to replace ownership, change is necessary, and is bound to happen. The Internet is changing almost all elements of news industry, shorten the news cycle, devouring reliable source of income for a long time, gave birth to a new form of competition. Because there is no map, want to identify the walking forward route is not easy. We need to invent, this means that we need to experiment. Readers will be the touchstone of our, understand what they concern – the government, local leaders, restaurant opening, reconnaissance troops, commercial, charitable, sports – and working backward from there. I am very optimistic about the opportunity of innovation and excitement.”
“journalism in a free community plays an important role, the Washington post – hometown newspaper as the capital of the United States – particularly important. I want to emphasize graham family as everyone show two kinds of courage. Is the first name waiting, certainly, slow and courage and other resources. The second is courage to say no costs. I hope there is no threat to take the part of my body on the gallows. If someone do so, thanks to graham lady like I made my example, I have prepared.”
“in the end, I want to say that it really has nothing to do with the newspaper or the change of ownership. In the past ten years, ever met tang (Don, the Washington post group chairman and chief executive, Donald graham) I feel very happy. I don’t know better person than he is.”
“sincere Jeff bezos.”
source: tencent technology