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I agree, in the short run. I suspect it's a power grab for influence in the long-term. Big media shapes the discourse, debate, and policy of the country. He ca
by aridiculous 13y ago
I agree, in the short run.
I suspect it's a power grab for influence in the long-term. Big media shapes the discourse, debate, and policy of the country. He can be a much more effective broker of business and societal matters now that he manages "the truth."
I think, at least :/
- toomuchtodo 13y agoVigilance is the price of freedom and liberty.
- wnissen 13y agoIf that was the goal he would have had Amazon buy the company. Instead it's a "personal" acquisition. It's possible this is an elaborate ruse to fool the Graham family into selling their crown jewel (reputationally, at least. The Kaplan test preparation unit is the tail that now wags the profit dog at Washington Post, Inc., as I understand it.). However, that seems like a stretch. I'd much rather have a paper run as a hobby by a man (even a profoundly eccentric one) who can afford it than a board desperate to maximize quarterly earnings.
- bicx 13y agoIt could be that it was a personal acquisition because Amazon isn't making a much of a net profit, and buying the Washington Post would cause Amazon stock prices to tank.
- duaneb 13y agoI think that's an appropriate analysis; however, it would hold true for most people able to buy a newspaper and I have no specific fears heading in. That's pretty good given the current political climate.
- jessaustin 13y agoIs reporting a profession? What will the staff of WaPo do while Bezos is twisting "the discourse, debate, and policy"? Will they fade away quietly?