Aug 06 2013
Amazon CEO Jeff Bezos has signed a contract with the Washington Post Company to purchase its newspaper publishing business and other publishing assets for $250 million. The purchaser is not Amazon.com, but an entity that belongs to Bezos personally.
The deal covers the Washington Post and other publishing businesses, including the Express newspaper, the Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing.
The Washington Post Company, which will change its name, retains several entities, including Slate magazine, TheRoot.com, Foreign Policy and Kaplan, as well as the headquarters building in downtown Washington, D.C
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