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He didn't buy the actual company, only some of the newspapers: the Post itself, and a number of local papers. The Washington Post Co. itself will remain indepen
by _delirium 13y ago
He didn't buy the actual company, only some of the newspapers: the Post itself, and a number of local papers. The Washington Post Co. itself will remain independent, but will have to change its name, and will retain Kaplan, WaPo Labs, Slate, about 10 local TV stations, SocialCode, and some other things.
- cschmidt 13y agoAs I understand things, Kaplan was the big money spinner that subsidized the newspapers. It is interesting they kept that part.
- snowwrestler 13y agoBut what is the point of WaPo Labs without the WaPo? Are they going to rebrand to some sort of general-purpose tech startup or incubator? Or are they going to keep doing innovation for WaPo, only now on a contractual basis? (Creating recurring revenue for the public company.)
- _delirium 13y agoI dug a bit and found that some kind of cross-licensing deal is included: WaPo Labs gets a 5-year content license, in return for 10% of any profits. However it sounds like they're planning to move towards doing more general tech-for-media stuff rather than WaPo-tied stuff. Source: 2nd-to-last question from http://www.niemanlab.org/2013/08/don-graham-on-the-sale-of-the-washington-post-jeff-bezos-and-the-pace-of-newsroom-innovation/ http://www.niemanlab.org/2013/08/don-graham-on-the-sale-of-t...