Jeffrey Preston Bezos is one of tech's most far-sighted thinkers, an entrepreneur who has helped pioneer internet retail and a visionary who is trying to ferry civilians into outer space. So, why would he want to buy into a crumbling industry like newspapers?
Bezos' investment company on Monday announced that it would acquire The Washington Post for $250 million. The Washington, DC-based newspaper has a proud journalism history, and for decades was a highly profitable business. But for newspapers, the internet era has been marked by declining revenue, layoffs and a loss of influence. That's why so many are wondering why the CEO made the investment and what he has planned.
many are wondering why Bezos made the investment and what he has...
via The Verge - All Posts http://www.theverge.com/2013/8/6/4594636/what-if-you-could-amazon-the-news-the-why-of-jeff-bezos-new-investment
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