Jeffrey P. Bezos of Amazon.com has a deal to acquire certain assets of the Washington Post Company, primarily including the iconic newspaper. The deal is exclusively for publishing assets, and does not include WaPo’s television business, among other things.
“I understand the critical role the Post plays in Washington, DC and our nation, and the Post’s values will not change,” said Mr. Bezos. “Our duty to readers will continue to be the heart of the Post, and I am very optimistic about the future.”
The parties made it clear that Bezos, not Amazon.com, is the buyer.
The Washington Post and other publishing businesses, including the Express newspaper, The Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing.
The price is $250M.
The Washington Post Company name will be getting a makeover, as will the television group’s Post-Newsweek Stations moniker. The new handles have not yet been determined.