Amazon founder Jeff Bezos is now officially the owner of The Washington Post. The deal closed on Tuesday. Bezos purchased the paper for $250 million from The Graham family, the paper’s owners for the past 80 years.
Here is more from The Washington Post‘s report on the deal:
The Post’s new owner hasn’t disclosed specific plans or changes he intends to make for the money-losing paper. But in earlier interviews and on a two-day visit to The Post’s downtown Washington headquarters in early September, he suggested that he’ll provide a financial cushion — or “runway” — that will allow The Post time to conduct experiments that could lead to a successful business model.