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August 5, 2013

"You provide the prose poems I'll provide the war."

Can Jeff Bezos save The Washington Post? Bezos, with his $25.2 billion personal fortune, certainly has the resources to invest in his new acquisition. How he chooses to do so will be an interesting experiment not only for the Post, but for the news industry as a whole.

Posted by gerardvanderleun at August 5, 2013 6:02 PM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

I don't think it can be saved, its not a matter of proper technique, its just a lost cause. The only papers making any money right now that I know of are ones with upbeat, goofy stuff in them like the New York Post. And they aren't making much. The generation that gets its news from papers is dying out.

Posted by: Christopher Taylor at August 5, 2013 8:47 PM

They lie; they deceive; they obfuscate; they cheer-lead; they die. Isn't that the leftist chant. XYZ lied; people died.

I use to read the newspaper to find out about local and state people and activities. Somehow even a small city newspaper became a national and international rag

Posted by: elr at August 5, 2013 10:22 PM

He can afford an expensive toy that he hopes will give him more access and status. He isn't the first leftest billionaire to take a very minor hit in order to keep a struggling newspaper alive so that it can keep spewing the party line.

Posted by: Lorne at August 6, 2013 7:19 AM

It's a great investment right now. He'll make way more than what interest would pay on $250.mil in ads for the 2014 and 2016 elections. He'll be able to contribute way more to his pet cause (Democrat/leftist candidates)than if he just writes checks. It is a win-win for Bezos. Later he'll close or sell at a tremendous loss, using every tax exemptions his crony pal's will allow.

Wish I had a pocket full of $billions to play around with.

Posted by: tonynoboloney at August 6, 2013 2:55 PM

"He isn't the first leftest billionaire to take a very minor hit in order to keep a struggling newspaper alive so that it can keep spewing the party line."

Yeah the left is big on doing this kind of thing. The right just won't do it; if it doesn't make money - and fast - they give it the boot. Vanderleun knows all about that.

The thing is, the left can rely on kickbacks for their sacrifice. They might lose money on the paper but they get less harassment from the government, get access to grants and special consideration from government programs, etc.

Almost every lefty organization and activist group is a big fat industrial toilet where money gets flushed all day long, but more money is dumped in the back door through government programs. They don't have to make a profit, they don't even have to be run for crap. Taxes make up the difference.

Posted by: Christopher Taylor at August 6, 2013 5:03 PM

Please explain how Bezos is so rich. Amazon has never made much moneye as it has operated almost always at a loss from the start.

Dan Kurt

Posted by: Dan Kurt at August 6, 2013 5:47 PM

My guess is that within four years he is done with the quarrelsome acquisition. He will have to make changes that will affect the lifestyles of people who really know how to complain and broadcast those complaints. Every move he makes to change will be met with a storm of protests, and he will quickly grow frustrated that he is seen as just an endless Moneybin, a new cow to be milked, by the denizens that he is trying to save.

And then reality will sink in and he'll unload for a loss in money, but a gain in not owning a nagging nag.

Posted by: Mikey NTH at August 6, 2013 7:24 PM

Amazon operated at a significant loss for several years to undercut competition and establish its self, but now it makes a LOT of money every year. Last year, Amazon made 61 BILLION dollars, with a B.

Posted by: Christopher Taylor at August 7, 2013 7:31 AM

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