"The Washington Post Co. has agreed to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos..."

"... ending the Graham family’s stewardship of one of America’s leading news organizations after four generations."

Wow! What an amazing moment of transition in media this is. The new overcomes the old. It's not Amazon that will own WaPo, but Bezos himself, individually.

I hope he gets rid of the paywall.

For much of the past decade... the paper has been unable to escape the financial turmoil that has engulfed newspapers and other “legacy” media organizations. The rise of the Internet and the epochal change from print to digital technology have created a massive wave of competition for traditional news companies...

Bezos, in an interview, called The Post “an important institution” and expressed optimism about its future. “I don’t want to imply that I have a worked-out plan,” he said. “This will be uncharted terrain and it will require experimentation.” He said, “There would be change with or without new ownership. But the key thing I hope people will take away from this is that the values of The Post do not need changing. The duty of the paper is to the readers, not the owners.”

ADDED: It seems as though the Bezos idea should be to forget about making money — like Citizen Kane — and simply plunge into making a great newspaper. Bezos doesn't need to make money. He can be simply spending money. Do what is good! What else should he do at this point? And even when Amazon was being developed, the need to make money soon was considered a distraction, if I remember correctly. He had the nerve to put that off way into the future. Here's the "Citizen Kane" scene this makes me think of:



"You're right, I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr. Thatcher, at the rate of a million dollars a year, I'll have to close this place in... 60 years."