The Washington Post Co. has long been owned by the Graham family, but it revealed on Monday, August 4, that it had agreed to sell the flagship publication to Jeffrey Bezos, most famous for founding Amazon, Inc. The Washington Post says that Bezos will pay $250 million in cash for it and affiliated newspapers.
The sale includes The Post and washingtonpost.com, the Express newspaper, the Fairfax County Times, El Tiempo Latino, and others, along with the Robinson Terminal production plant in Springfield. The deal also included the Comprint printing operation which produces several military publications.
Interestingly, the deal does not include The Washington Post Co.'s popular digital-only publications, Slate and the Root, or the WaPo Labs digital development operation. Nor does it include the company headquarters, or Foreign Policy magazine. With this purchase, Bezos will take the paper private and will be free to do as he pleases without shareholders to answer to.