Who bought and saved the Washington Post in 2013?
Amazon chief Jeff Bezos bought the Washington Post in 2013, and within three years the paper had doubled its web traffic and become profitable – an impressive feat for a media company that struggled in the wake of the financial crisis.
Who sold the Washington Post to Jeff Bezos?
In October 2013, the Graham family sold the newspaper to Nash Holdings, a holding company established by Jeff Bezos, for $250 million.
The Washington Post.
|Democracy Dies in Darkness|
|Circulation||356,768 (Daily, 2015) 838,014 (Sunday, 2013) 1,000,000 (Digital, 2018)|
Why did Bezos buy Washington Post?
But Bezos didn’t want to purchase it simply to slow the institution’s death if it was fated to fail. He wasn’t planning on providing operational hospice care for the Washington Post. Instead, he realized, he had to believe there was a pathway to recovery.
Is The Washington Post privately owned?
On June 15, The Washington Post Company went public with the sale of Class B common stock to the general public for $26 per share. Until then The Post Company had been privately held. Its stock is listed on the New York Stock Exchange with the symbol WPO. Class A shares are privately held by the Graham family.
What did Bezos pay for Washington Post?
Thursday’s announcement also resolved questions about the future of The Washington Post, which Bezos personally bought for $250 million in 2013, and Blue Origin.
What media does Jeff Bezos own?
The Washington Post: Newspaper
Jeff Bezos also owns the over-140-year-old newspaper ‘The Washington Post‘. Nash Holdings, a private company owned by Bezos, bought the newspaper in August 2013 for $250 million.
What news outlet does Jeff Bezos own?
The boss of Amazon, Jeff Bezos, has agreed to purchase the Washington Post newspaper for $250m (£163m). Mr Bezos is buying the paper and its other print properties in a personal capacity. The Post has been owned by the Graham family for 80 years.
How true is the post movie?
Set in 1971, The Post depicts the true story of attempts by journalists at The Washington Post to publish the infamous Pentagon Papers, a set of classified documents regarding the 20-year involvement of the United States government in the Vietnam War and earlier in French Indochina back to the 1940s.
Does Amazon Prime include Washington Post?
The Washington Post free for Amazon Prime members? If you didn’t already know, Jeff Bezos, Founder & CEO of Amazon, also owns The Washington Post. As a result, all Prime members are eligible for a free digital subscription for 6 months, a savings of about $60 a year.
Who owns most of Amazon stock?
Andy Jassy Owns More Amazon Stock Than Any Employee Except Jeff Bezos. And He’s Still Not A Billionaire. Amazon’s new CEO has 81,500 shares in the company — 0.001% of Jeff Bezos‘ stake — giving him a net worth of $435 million.
How much is Jeff Bezos Worth?
Jeff Bezos is worth $193 billion — here’s how he can spend it.
What state is Jeff Bezos from?
Jeff Bezos, byname of Jeffrey Preston Bezos, (born January 12, 1964, Albuquerque, New Mexico, U.S.), American entrepreneur who played a key role in the growth of e-commerce as the founder and chief executive officer of Amazon.com, Inc., an online merchant of books and later of a wide variety of products.
Is Washington Post a public company?
It is a public company and its Class B common stock trades on the New York Stock Exchange under the ticker symbol GHC; it went public in 1971. On August 5, 2013 it was announced that the Washington Post Company would sell the flagship newspaper for $250 million to Jeff Bezos, founder and chief executive of Amazon.com.
Who started Washington Post?
Founded by independent-minded Democrat Stilson Hutchins, The Washington Post began publishing on Thursday, December 6. It was printed at 914 Pennsylvania Ave., N.W., and had a circulation of 10,000.