Amazon.com founder purchases The Washington Post
I believe I am not the only one stunned at the takeover of The Washington Post by Amazon.com Founder Jeffrey Bezos. The revolutionary newspaper that inspired decades of journalists has been sold for $250 million to Bezos.
The onset of online journalism has seen a decline of print media in most countries around the world. It would be thrilling to see what this online trading mogul would have to contribute in the generation of revenues for The Washington Post. Expectations of a positive outcome to The Washington Post and eventually to journalism in general are high. However, doubts do arise if this is going to be another ‘power’ purchase or if Bezos is interested in journalism itself. It is to be noted that Amazon.com itself is not involved in the takeover, and this is a personal transaction for Bezos. This is the same man who has started a space company called Blue Origins, which develops technologies for space travel.
Looking at the success of his online trading website Amazon.com, it is safe to say that Bezos has the expertise to analyze e-commerce. To implement that practice into his new purchase could mean higher revenues and re-growth of the newspaper.
Are we going to see a riveting idea from Bezos to help revive the struggling newspaper industry? Could he be succesful in capturing more ‘customers’ for the newspaper too? We can only wait and watch.