One-click payment: tracking Jeff Bezos’ Washington Post purchase – The Verge The Verge is about technology and how it makes us feel. Founded in 2011, we offer our audience everything from breaking news to reviews to award-winning features and investigations, on our site, in video, and in podcasts. 2013-12-02T17:01:58+00:00 https://www.theverge.com/rss/stream/4359725 https://platform.theverge.com/wp-content/uploads/sites/2/2025/01/verge-rss-large_80b47e.png?w=150&h=150&crop=1 Russell Brandom <![CDATA[Jeff Bezos: ‘I didn’t seek to buy the Washington Post’]]> https://www.theverge.com/2013/12/2/5166278/jeff-bezos-says-i-didnt-seek-to-buy-the-washington-post-don-graham 2013-12-02T12:01:58-05:00 2013-12-02T12:01:58-05:00

Jeff Bezos' 60 Minutes interview has been making waves for the drone-delivery announcement, but a new web segment also provides a window into the Amazon founder's purchase of the Washington Post earlier this year. In the interview, Bezos says he had never considered buying The Washington Post until he was approached by Post CEO Don Graham, who asked if he would be interested in buying the paper.

"I didn't seek to buy the Washington Post," Bezos told 60 Minutes. "My first question was, 'Why would I even be a logical buyer? I don't know anything about the news business.'" But over a long courtship period that Bezos says spanned multiple conve …

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]]> Nathan Ingraham <![CDATA[Jeff Bezos officially takes over as owner of The Washington Post today]]> https://www.theverge.com/2013/10/1/4792368/jeff-bezos-takes-over-as-owner-of-the-washington-post 2013-10-01T17:55:14-04:00 2013-10-01T17:55:14-04:00
amazon assets

Two months ago, Amazon CEO Jeff Bezos surprised the newspaper by announcing he planned to purchase The Washington Post for about $250 million. Now, as of today, the transition is complete - Bezos formally took over as owner today, ending the 80-year reign of the Graham family at one of the nation's most prominent newspapers. Bezos now has his work cut out for him - like much of the newspaper industry, the Post has been losing readers and money for several years. At the time of Bezos' announcement, the Washington Post Company reported an operating loss of $49.3 million in the first six months of 2013, compared to a $33.2 million loss for the …

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]]> Greg Sandoval <![CDATA[Jeff Bezos is a hit: Washington Post staff excited by new owner]]> https://www.theverge.com/2013/9/4/4692088/jeff-bezos-is-a-hit-washington-post-staff-excited-by-new-owner 2013-09-04T20:11:31-04:00 2013-09-04T20:11:31-04:00
Jeff Bezos

Amazon CEO Jeff Bezos stood before journalists from one of the country's most storied newspapers and told them their publication can't live in the past.

Bezos met late this afternoon with the staff of The Washington Post - the paper he agreed to buy for $250 million - where he laid out some of his plans for the future, according to employees in attendance. The billionaire talked less about print and more about the importance of computer tablets. He spoke about learning from upstart competitors, such as The Huffington Post and Business Insider - a blog in which Bezos has made a $5 million investment. He suggested that Post stories need to be …

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]]> Greg Sandoval <![CDATA[Meet the press: Jeff Bezos to visit Washington Post next week]]> https://www.theverge.com/2013/8/28/4669182/meet-the-press-jeff-bezos-to-visit-washington-post-next-week 2013-08-28T18:13:41-04:00 2013-08-28T18:13:41-04:00
Jeff Bezos

Amazon founder Jeff Bezos has likely answered thousands of questions from journalists. What he probably has never done is faced a roomful of reporters who will soon depend on him for their paychecks.

Bezos will appear at the headquarters of The Washington Post next Tuesday as the billionaire prepares to take control of the iconic newspaper. According to a source at the paper, an email was issued to staff today informing them that Bezos will take questions from employees during his two-hour visit. The entrepreneur announced earlier this month that he personally - not Amazon - had acquired the paper for $250 million. The move generated much sp …

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]]> Greg Sandoval <![CDATA[‘What if you could Amazon the news?’ Why Jeff Bezos invested in The Washington Post]]> https://www.theverge.com/2013/8/6/4594636/what-if-you-could-amazon-the-news-the-why-of-jeff-bezos-new-investment 2013-08-06T14:38:06-04:00 2013-08-06T14:38:06-04:00
Jeff Bezos holding the Kindle Fire

Jeffrey Preston Bezos is one of tech's most far-sighted thinkers, an entrepreneur who has helped pioneer internet retail and a visionary who is trying to ferry civilians into outer space. So, why would he want to buy into a crumbling industry like newspapers?

Bezos' investment company on Monday announced that it would acquire The Washington Post for $250 million. The Washington, DC-based newspaper has a proud journalism history, and for decades was a highly profitable business. But for newspapers, the internet era has been marked by declining revenue, layoffs and a loss of influence. That's why so many are wondering why the CEO made the inv …

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]]> Greg Sandoval <![CDATA[Sources at Washington Post during Bezos announcement: ‘It was like a funeral’]]> https://www.theverge.com/2013/8/5/4592674/sources-at-washington-post-bezos-announcement-like-a-funeral 2013-08-05T22:14:34-04:00 2013-08-05T22:14:34-04:00
via d35lb3dl296zwu.cloudfront.net

With some of the best news gatherers in journalism on staff, it was a surprise that the owners of The Washington Post were able to keep their sale of the paper a secret. But there were plenty of shocked expressions at the company's headquarters on Monday when members of the Graham family announced that Jeff Bezos, the founder of Amazon, had purchased the venerable publication for $250 million.

Some employees said they went into the meeting expecting that the leadership had finally found a new headquarters, or at worst the company was in for another management shakeup. According to multiple sources who were present, many in the audience were h …

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]]> Sean Hollister <![CDATA[Jeff Bezos memo to Washington Post staff: ‘I already have a day job’]]> https://www.theverge.com/2013/8/5/4591824/jeff-bezos-memo-to-washington-post-staff-i-already-have-a-day-job 2013-08-05T17:05:01-04:00 2013-08-05T17:05:01-04:00
Jeff Bezos holding the Kindle Fire

Jeff Bezos, founder of Amazon.com, just bought prestigious daily newspaper The Washington Post for $250 million.

Here's what he told the staff of that paper, in a memo just published at The Washington Post itself.

To the employees of The Washington Post:

You'll have heard the news, and many of you will greet it with a degree of apprehension. When a single family owns a company for many decades, and when that family acts for all those decades in good faith, in a principled manner, in good times and in rough times, as stewards of important values - when that family has done such a good job - it is only natural to worry about change.

So, le …

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]]> Greg Sandoval <![CDATA[Amazon’s Jeff Bezos buys The Washington Post for $250 million]]> https://www.theverge.com/2013/8/5/4587566/jeff-bezos-buys-the-washington-post 2013-08-05T16:34:39-04:00 2013-08-05T16:34:39-04:00
Bezos Kindle Fire

Jeff Bezos, the founder of Amazon and the world's 19th-richest man, has acquired The Washington Post, long one of the country's most influential and prestigious daily newspapers, for $250 million in cash, the company announced today. "The purchaser is an entity that belongs to Mr. Bezos in his individual capacity and is not Amazon.com, Inc.," a press release issued by The Washington Post said. The purchase includes all of the papers The Washington Post owns (and their websites), including the Express daily, The Gazette Newspapers, and the Southern Maryland Newspapers, but does not include Slate, TheRoot.com or Foreign Policy, which will rema …

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