Jeff Bezos

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JeffBezos

Amazon Founder Jeff Bezos Buys Washington Post for $250M (SocialTimes)
Blockbuster news broke late Monday afternoon that the Washington Post newspaper has been purchased by Amazon owner and founder Jeff Bezos. The Washington Post’s online properties, such as Slate and TheRoot.com, are not part of the deal. The purchase also doesn’t include the land, meaning it’s a pure content buy by Bezos.

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Jeff Bezos Talks About The Kindle’s Surprising Success

bezos.jpgAmazon.com CEO Jeff Bezos spoke today at Wired magazine’s Disruptive By Design business conference, revealing how successful the Kindle — in all its forms — has been during its 18 months on the market.

According to Bezos, 35 percent of the sales of the 300,000 books available for the Kindle have been sold in electronic form. “Internally, we are startled by that statistic,” he said.

Bezos was also very optimistic about the Kindle’s success moving forward. He seemed certain the device will eventually replace physical books.

“Reading is an important enough activity that it needs a purpose built device,” he said. “Some people ask me, ‘Why would I buy this device, it only does one thing?’ That’s exactly why you should buy it.” Then Bezos revealed that he gets “grumpy” whenever he’s forced to read a real book. “I didn’t realize all the failings of a physical book,” he said. “[Books have] had a great 500 year run. It’s an unbelievably successful technology, but it’s time to change.”

Amazon Kindle Turns One

Amazon_Kindle_Times.jpgAfter more than 250,000 units sold, it seems that at the very least, the Amazon Kindle has found a loyal audience. CNN reports that on the device’s first birthday, its texts account for 10 percent of Amazon’s book sales despite the fact that only 200,000 titles are available in digital form, representing just a fraction of what’s out there in print.

The device remains sold out on the company’s Web site. Some analysts think that Jeff Bezos‘ pedigree is helping. “You can’t discount the prominence of having Amazon behind this,” says Paul Reynolds, technology editor at Consumer Reports, in the article. “Jeff Bezos is respected for what he’s done with Amazon, and if he feels this is a future product in media, people are willing to trust him.”

There was also that whole Oprah thing, and the fact that it’s the only eBook reader that lets you make wireless purchases. Want a new book or newspaper subscription? Pay for it and download it right onto the device, without having to mess with computer synchronization. Analysts expect an upgraded Kindle, possibly with sleeker lines and more memory, to come in early 2009.

Amazon Kindle 2 coming in Q1: Report

Amazon_Kindle_2_BGR.jpgRemember the rumor about how we’d see a new version of the Amazon Kindle before the end of the year? The one where, even though Amazon publicly denied it, people believed it anyway?

It turns out that it was in fact scheduled for release in October, but Jeff Bezos pulled the plug at the last minute because he wanted changes to the software. That’s the word from TechCrunch, which also said that the Kindle 2 is now scheduled for release early in 2009, according to sources close to the product’s development.

Interestingly, the images that had surfaced of the new Kindle in October “are real—it’s a longer device but not as thick as the original Kindle, and fixes some of the button issues that plague users (like accidental page turns).”