Economics

Amazon founder Jeff Bezos buys Washington Post for $250 million

The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.

06.08.2013

(AFP) The Washington Post, the legendary newspaper that broke the Watergate scandal, is being sold to Amazon founder Jeff Bezos as it seeks to survive the onslaught of the Internet.

Donald Graham, grandson of Eugene Meyer, who bought the Post during the Great Depression in 1933, stunned the US media industry on Monday, announcing the sale of the storied title to Bezos for $250 million.