Just imagine the headlines if Amazon.com Inc. had bought a controlling interest in the Washington Post newspaper for $250 million.
Investors in Amazon are resigned to watching company founder Jeff Bezos plough fabulous sums into expansion, and wait patiently for a payoff in the distant future. So distant, in fact, that in its latest quarter, the company took in $15.7 billion in revenue and still managed to lose $7 million on the bottom line.
But buying a money-losing newspaper? Amazon’s investors would have gone all Kingslayer on the dude.
That’s why Monday night’s big headline was: “Bezos Buys the Washington Post.” Surely a newspaper is no crazier a gamble than space colonization, another venture that Bezos is personally dabbling in. As the world’s 19th richest person, worth about $25 billion, Bezos can buy a lot of crazy.
The question is, why the Washington Post?
Gilgo Beach killer's chilling admissions ... Deadly shooting in Suffolk ... On the campaign trail with Blakeman ... Carle Place revitalization
Gilgo Beach killer's chilling admissions ... Deadly shooting in Suffolk ... On the campaign trail with Blakeman ... Carle Place revitalization
