Monday, August 05, 2013

Washington Post Sale

"But Bezos’ move—and even the potential purchase of Tribune newspapers by the Koch brothers—is close enough for a 21st-century media landscape. These transactions should be seen not so much as the end of an era, but as a necessary recycling of control. A business that’s always somewhat depended on bigwigs more interested in challenge and prestige than pure profit maximization is naturally going to need some new bigwigs once in a while. It’s the circle of life."

--Matthew Yglesias, Slate

That is what pretty much what I think. Bezo's deep pockets would afford him to undertake lot of cutting edge Media experiments. One would be curious to watch out for those.

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