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Washington Post - Amazon deal closes, new era begins

Oct 2 2013, 2:12am CDT | by , in News | Technology News

Washington Post - Amazon deal closes, new era begins
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Amazon founder, Jeff Bezos, is now the official owner of The Washington Post. Today also marks the end of the 80-year reign of the Graham family.

Bezos has signed the sale documents today, Tuesday, marking a new era for the distinguished American daily paper. Bezos has transferred the newspaper and other assets to his own private investment company, Nash Holdings.

According to The Post, Bezos is planning to change the paper's name, and that the Amazon founder will provide a runway to conduct experiments for a successful business model.

Bezos has promised to continue The Post's legacy and will keep the current management with Donald E. Graham as its CEO. Former Boston Globe editor and current Washington Post executive editor, Martin Baron, will continue his work, as well as publisher Katharine Weymouth, a granddaughter of The Washington Post chairwoman and publisher Katharine Graham.

Bezos plans to visit the paper's headquarters periodically.

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