USA

Analysts See Washington Post Purchase As Timelyi
X
August 07, 2013 12:03 AM
Amazon founder Jeff Bezos is buying one of the top U.S. newspapers. The Washington Post announced Monday that Bezos is buying the paper and its affiliated publications for $250 million. The news surprised many in the news industry. But as Mil Arcega reports, some analysts say the deal may be good for the struggling newspaper business.

Analysts See Washington Post Purchase As Timely

Published August 06, 2013

Amazon founder Jeff Bezos is buying one of the top U.S. newspapers. The Washington Post announced Monday that Bezos is buying the paper and its affiliated publications for $250 million. The news surprised many in the news industry. But as Mil Arcega reports, some analysts say the deal may be good for the struggling newspaper business.


You May Like

Video Experts Warn World Losing Ebola Fight

Doctors Without Borders says world is losing battle against Ebola, unless wealthy nations dispatch specialized biological disaster response teams More

Video Experts: Rise of Islamic State Significant Development in Jihadism

Many analysts contend the group - which grew out of al-Qaida in Iraq - has been rebuilding for years More

US-Based Hong Kongers Pledge Support for Pro-Democracy Activists

Democracy advocates call on Chinese living abroad to join them in opposing new election rules for their home territory More