10 sats \ 2 replies \ @Bell_curve 26 Oct \ parent \ on: Jeff Bezos Killed Washington Post Endorsement of Kamala Harris Paper Reports Politics_And_Law
Bezos didn't purchase a newspaper to make money. But he doesn't want WaPo to interfere with his other investments and he wants the newspaper to break even.
Isn’t that business decision-maiking? He is counting all of his investments in a unified vision. WaPo is a small part that will definitely affect the other parts. Consequently, he makes the decision and, perhaps, even looks forward to thinning out his staff.
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Yes
My point is that his reason for buying WaPo was political/pop cultural.
He wasn't motivated by money or profits.
He doesn't view WaPo as a financial investment rather it is a vehicle for influencing news and political discourse.
He wasn't motivated by money or profits.
He doesn't view WaPo as a financial investment rather it is a vehicle for influencing news and political discourse.
Why does anyone own newspapers today? Newspaper is not a growth industry or cash cow.
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