Unless you’ve been under a rock, you’ve heard that Amazon founder Jeff Bezos has bought the Washington Post for a cool $250 million.
In his letter to Post employees, Bezos wrote:
The Internet is transforming almost every element of the news business: shortening news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs. There is no map, and charting a path ahead will not be easy. We will need to invent, which means we will need to experiment.”
Media analysts were stunned by this announcement. But they were quick to share their thoughts on the end of the Graham family’s reign on this newspaper empire.
I’ve compiled some of the most interesting thoughts here: