Mr. Graham addressed his staff, saying, “I, along with Katharine Weymouth and our board of directors, decided to sell only after years of familiar newspaper-industry challenges made us wonder if there might be another owner who would be better for the Post (after a transaction that would be in the best interest of our shareholders).”
It will be interesting to see how a technopreneur like Jeff is going to bring The Washington Post to new heights. After all, The Washington Post has been described to be one of the crown jewels in the newspaper world, and to see it enter uncharted territory in the hands of Bezos is an exciting and challenging ride.