Jeff Bezos

The Washington Post is a legend in the minds of the Washington elite, so its financial decline has caused quiet panic. As NPR media reporter David Folkenflik put it, “You think of stories like the Pentagon Papers, Watergate, these are all stories where The Washington Post led the nation's understanding, the world's understanding of some major issues.” Outside the liberal media, you wonder how…

The Reuters news wire has an interesting little piece today that reveals that Amazon.com founder Jeff Bezos not only seems to have agreed to buy the Washington Post for much, much more than its market value, but that agreed to the initial asking price rather than try to haggle it down. Jennifer Saba has the story:

 "Try a little editorial balance, that might bring in a few more readers to the [Washington] Post," Fox News Channel's Neil Cavuto advised Jeff Bezos in a segment on Cavuto's 4 p.m. Eastern Fox News Channel program Your World. "Last time I checked, that has not hurt Fox News, or the Wall Street Journal, or even USA Today" which are media enterprises which are "all known for hearing all sides or…

As NewsBusters reported moments ago, the new owner of the Washington Post, Amazon CEO Jeff Bezos, has a history of donating to Democrats. Readers may also find it noteworthy that Bezos spent a reported $2.5 million last year defending Washington state's gay marriage law.

The Washington Post Co. announced on Monday that it has sold its newspaper to Amazon.com founder Jeff Bezos. The Post's Paul Farhi reported that Bezos "will pay $250 million in cash for The Post and affiliated publications to the Washington Post Co." Farhi went on to report that Amazon "will have no role in the purchase" and that Bezos will be the "sole owner when the sale is completed."…