#Amazon CEO Jeff Bezos acquiring the Washington Post for $250M after previous investement into tech news network #BusinessInsider : About managing #innovation in existing structure: "There will of course be change at The Post over the coming years. That’s essential and would have happened with or without new ownership. 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. Our touchstone will be readers, understanding what they care about *-- I’m excited and optimistic about the opportunity for invention. Journalism plays a critical role in a free society, and The Washington Post — as the hometown paper of the capital city of the United States — is especially important…" ~ jeff Bezos Read more at venturebeat/2013/08/05/bezos-buys-washington-post/#ALcYxKQbm73v4YVg.99
Posted on: Mon, 05 Aug 2013 21:36:39 +0000