Original post:
Wow.
The only way I'd be more surprised would be if he'd bought the Washington Times.
The stock was up $8.75 to $568.70 in regular trade and is up another $31.18 after hours.
From Pulse 2.0:
Amazon.com CEO and founder Jeff Bezos has acquired The Washington Post for $250 million in cash. The buyer was an entity that belongs to Bezos and is not Amazon.com, the company. The purchase includes all of the papers that The Washington Post owns including the Express, The Gazette, and the Southern Maryland Newspapers. This acquisition does not include TheRoot.com, Slate, or Foreign Policy. These entities will remain with The Washington Post Company.And from Mediaite:
The Washington Post was founded 136 years ago and is known for breaking the Watergate scandal, which led to the resignation of U.S. President Richard Nixon in 1974.
Below is a letter that Bezos sent out to The Washington Post employees...MORE
Washington Post Columnist Ezra Klein Reacts To Bezos Purchase…
Probably the wrong day to be working out of the office......MORE
Update: From Matthew Yglesias at Slate's Moneybox:
Jeff Bezos Bought A Bit More Than Just The Washington Post
Fresh paperwork filed with the SEC clarifies that while Jeff Bezos is not buying Slate, The Root, or Foreign Policy he is buying a bit more than just the Post:
“Post Business” means the publishing businesses conducted by the Seller and its subsidiaries, including publishing The Washington Post newspaper and the newspaper’s internet site washingtonpost.com; publishing Fashion Washington, Capital Business, the internet sites The Capitol Deal and Service Alley.......MORE
