Wasn't It Always the Plan for Washington Post to Lose Money?

It’s Jeff Bezos’s money. And it wastes words to say that he has a right to not lose tens of millions annually on the Washington Post.

At the same time, it seemed like Bezos knew he would lose enormous sums when he bought the Post in 2013. The $250 million he paid relative to what prominent newspapers were formerly worth (Rupert Murdoch paid $5 billion for the Wall Street Journal in 2007) was arguably the market signal that Bezos was buying a money loser.

 

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