Money and Finance
- Jeff Bezos On 60 Minutes
Link .......... Online extra videos: Bezos recalls Amazon's riskiest move Why Bezos bought The Washington Post The Jeff Bezos of 1999: Nerd of the Amazon (February 1999 "60 Minutes" segment) ...
- The Secrets Of Bezos: How Amazon Became The Everything Store
Amazon.com rivals Wal-Mart as a store, Apple as a device maker, and IBM as a data services provider. It will rake in about $75 billion this year. For his book, Bloomberg Businessweek’s Brad Stone spoke to hundreds of current and former friends...
- For Jeff Bezos, A New Frontier
Found via Abnormal Returns. A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go...
- Inside Amazon's Idea Machine: How Bezos Decodes The Customer
Found via My Investing Notebook. A few months ago Amazon reached what its founder and CEO Jeff Bezos demurely tells me was “an interesting milestone.” The retailing giant, so ubiquitously associated with books, then music and video, now has tens of...
- Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...
Money and Finance
Jeff Bezos Pays $250 Million for The Washington Post
In an ironic twist for a tycoon whose company has always kept its distance from the press, Amazon founder Jeff Bezos has agreed to pay $250 million cash for The Washington Post.
The purchase takes the newspaper out of the hands of the Graham family, one of the most storied media dynasties in U.S. history, and puts it under the control of one of the 21st century’s most media-shy tech moguls.
Though Amazon has been making content deals left and right, both as a book publisher and as a streaming video service through Amazon Prime, this is something different. Amazon was not officially involved in the purchase, suggesting that Bezos has something else in mind. It would appear that Bezos is simply interested in owning a newspaper — and perhaps in boosting the health of the traditionally liberal Post.
In a letter to Post employees, Bezos says that he won’t be leading the paper directly day-to-day. “I am happily living in ‘the other Washington’ where I have a day job that I love,” he writes, referring to his role as CEO at Seattle-based Amazon.
- Jeff Bezos On 60 Minutes
Link .......... Online extra videos: Bezos recalls Amazon's riskiest move Why Bezos bought The Washington Post The Jeff Bezos of 1999: Nerd of the Amazon (February 1999 "60 Minutes" segment) ...
- The Secrets Of Bezos: How Amazon Became The Everything Store
Amazon.com rivals Wal-Mart as a store, Apple as a device maker, and IBM as a data services provider. It will rake in about $75 billion this year. For his book, Bloomberg Businessweek’s Brad Stone spoke to hundreds of current and former friends...
- For Jeff Bezos, A New Frontier
Found via Abnormal Returns. A newspaper represents not just a business but a “public trust,” Washington Post Co. chairman and chief executive Donald E. Graham has said more than once. In other words, the values that matter in owning a newspaper go...
- Inside Amazon's Idea Machine: How Bezos Decodes The Customer
Found via My Investing Notebook. A few months ago Amazon reached what its founder and CEO Jeff Bezos demurely tells me was “an interesting milestone.” The retailing giant, so ubiquitously associated with books, then music and video, now has tens of...
- Taking The Long View
Jeff Bezos, the founder and chief executive of Amazon, owes much of his success to his ability to look beyond the short-term view of things INSIDE a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for...