All I can say is that the $250 million Amazon’s Jeff Bezos paid is pretty cheap for such a famous brand, which illustrates just how far the newspaper biz has fallen since Monster and Craig’s, and the Web in general took away their classifieds for job, car, real estate ads, etc.
Will it change WaPo content from super-Liberal Democrat to something more conservative? Probably not, since Bezos is said to be a big Democrat contributor, possibly even to Obongo himself with whom he has lunched. Probably just a lot more of the same, though we might expect more private space industry coverage, with less snark about it. For a little while.
Most likely Bezos, who knows nothing about the news biz, just wanted a tax write-off to protect some of his wealth and the WaPo will disappear in a year or so. I hope this isn’t bad news for the one or two folks I know who used to work there and still get their pensions from it, but it looks like it is. I’m going to file this under Obituaries because I’d bet that’s where it’s headed.
UPDATE: Breitbart News reports the WaPo had lost 87 percent of its value in the past ten years. Not terribly surprising, given:
“Over the years, the fake fact checks, the apparent coordinating with the Obama campaign to destroy Romney, the phony smears leveled at Republicans, the non-stop pushing of leftist causes, the unforgivable stealth-corrections, the laughably biased polls…”
Maybe Bezos can use it as a straight press release factory for the White House.
THE TEXAS SCRIBBLER 