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this post was submitted on 08 Jun 2024
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Is this the one Bezos owns?
Oh look I failed the comprehension exam ☹️
Yeah. Though...reading the numbers, it sounds like it was a pretty bad buy.
https://en.wikipedia.org/wiki/The_Washington_Post
https://www.nytimes.com/2023/07/22/business/media/jeff-bezos-washington-post.html
That's a pretty large amount of money to be losing each year relative to the value of the company.
You could think of it as an expenditure (to control or at least steer the wider media narrative about news events) rather than a loss. $100/M for that is a pretty good deal, and quite affordable if you are Bezos.
It is quite literally about 24 hours worth of income for ol' Jeff B.
100 million a year for someone who has hundreds of billions. Yeah, he probably doesn't mind.
Yes, and his appointment was a clear signal that certain parties had ideas on how WaPo could better align with their interests.
Which is why this is so amusing. His baggage was a big reason why he was hired, and they had to know it would come out. No reason not to weather the storm and just communicate via friendly interviews and strategically placed PR/leaks.
Lol. Nope. Instead he said, "Nah, I got this. Hold my silver spoon tooter."
Mmhmm
Y’all are allergic to reading the article before commenting hu.
I’m allergic to reading :,(