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(Forbes)   Jeff Bezos' purchase of Washington Post for $250 Million is less than 1% of his net worth. As opposed to most Americans who use 1% of their net worth to buy a copy of the Washington Post   (forbes.com) divider line 24
    More: Followup, CEO Jeff Bezos, Post Co., New York Times Company, Berkshire Hathaway, Carlos Slim, Sam Zell, The Washington Post Company, Allen & Co.  
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608 clicks; posted to Business » on 07 Aug 2013 at 7:14 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



24 Comments   (+0 »)
   
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2013-08-07 05:16:12 AM
I liked the Onion headline:

Man Buys Newspaper.
 
2013-08-07 07:32:08 AM
Freedom! Markets! Capitalism! Greed is good!
i18.photobucket.com
EVERYTHING IS WONDERFUL!
 
2013-08-07 07:38:45 AM
KILL THE RICH!11


Am I doing it right farktards?
 
2013-08-07 07:44:46 AM

CMYK and PMS: KILL THE RICH!11


not if you dont mean it

 
2013-08-07 07:52:50 AM
Most people have negative net worth. 0 net worth puts you in the top 25% or so
 
2013-08-07 08:00:50 AM
Amazon sells cartoon balloons in town
The family business thrives
bezos blows up balloons all day
Sits on the porch swing watching them fly

And bezos, he wants to go to Venus
Leaving Amazon far behind
Take a balloon and go sailing
While Amazon, Amazon slowly dies
 
2013-08-07 08:01:06 AM
Don't worry, kids.  He's a good leftist.
 
2013-08-07 08:07:00 AM

CMYK and PMS: KILL THE RICH!11


Am I doing it right farktards?


You say it - but you won't do it.
 
2013-08-07 08:12:19 AM
We'll need several watch groups to insure the correct flow and coverage of information.
A newspaper or news service is too important to leave in the hands of the private sector or one family.

Bezos should first establish a council of diversity made up past employees of the EEOC and DOJ .

Also a star chamber of current members of the Southern Poverty Law Center and Rainbow Coalition should also have editorial oversight and input.
 Sharing in all editorial and advertising decisions with the help and input of LGBT.

"It's not a heavy hand of censorship that guides us, it is a gentle hand on the till that steers the ship."
 
2013-08-07 08:21:19 AM
I wish I wasn't a poor loser.
 
2013-08-07 08:49:58 AM
themediaonline.co.zawww.seriouscat.com

Twins
 
2013-08-07 09:01:43 AM

DrSansabeltNoShiatSlacks: Amazon sells cartoon balloons in town
The family business thrives
bezos blows up balloons all day
Sits on the porch swing watching them fly

And bezos, he wants to go to Venus
Leaving Amazon far behind
Take a balloon and go sailing
While Amazon, Amazon slowly dies


Meh.  He spent a small amount of his personal fortune to buy the paper.  And interestingly, he bought it himself, not under Amazon.
 
2013-08-07 10:13:30 AM
If I ask Mr. Bezos politely, maybe he will pick up the tab on my student loan if I promise to buy most everything off Amazon from here on out.

What's $32,000? I mean come on Mr. Bezos, really...
 
2013-08-07 10:22:46 AM
If it was going to be sold, I wish the Koch brothers had gotten it. Watching leftists lose their minds about it would have been much more entertaining than this tepid reaction.
 
2013-08-07 01:24:07 PM

CMYK and PMS: Am I doing it right farktards?


Doing what right, having a hysterical hissy fit over what you imagine other people might believe?

Yes. Sadly.

jjorsett: [thread turd redacted]


Thanks for your thoughts, see you next thread.
 
2013-08-07 02:24:48 PM
Subby thinks most Americans buy the Washington Post? FAIL.
 
2013-08-07 02:56:00 PM
You know, the headline seems like hyperbole... until you realize that something like 40% of Americans have zero or negative net worth.  The Washington Post would be - if my math is correct - around infinity percent of their net worth.
 
2013-08-07 03:32:54 PM

hp6sa: You know, the headline seems like hyperbole... until you realize that something like 40% of Americans have zero or negative net worth.  The Washington Post would be - if my math is correct - around infinity percent of their net worth.


Does that mean that once you buy something that's an infinite percent of your net worth, you become infinitely richer?

Hold my beer and watch this.
 
2013-08-07 06:53:51 PM

jjorsett: If it was going to be sold, I wish the Koch brothers had gotten it. Watching leftists lose their minds about it would have been much more entertaining than this tepid reaction.


What would "the Leftists" have lost their minds over? Newspapers are a dying industry.
 
2013-08-07 07:56:24 PM

WhiskeySticks: If I ask Mr. Bezos politely, maybe he will pick up the tab on my student loan if I promise to buy most everything off Amazon from here on out.

What's $32,000? I mean come on Mr. Bezos, really...


You know what's interesting is that, as much stuff as Amazon sells...if there was a realistic way or Amazon to ensure that you really did buy most everything from them, that would be a hell of a deal for them. You'd obviously spend way more than $32k on stuff for the next ~60 years, and while Amazon themselves wouldn't see all of that, I bet they'd see enough to make it worth their while.

You throw in Amazon making deals with certain Universities, getting them a discount on tuition for any students they can drive towards the universtiy...sponsored college educations? It doesn't sound that crazy to me.
 
2013-08-07 08:07:46 PM
Why?  Why invest $250M in a newspaper?  I get that this is a relatively small purchase for someone worth $28B, but why?  When you're that rich and want the coolest toy in town, you buy a football or baseball team.
 
2013-08-07 09:20:26 PM

skinink: jjorsett: If it was going to be sold, I wish the Koch brothers had gotten it. Watching leftists lose their minds about it would have been much more entertaining than this tepid reaction.

What would "the Leftists" have lost their minds over? Newspapers are a dying industry.


Well, they seem to be freaked by the Koch(es?) maybe buying the LA Times and other Tribune newspapers.

I personally believe that the Koches aren't even considering buying newspapers but are just punking the liberals for the laffs
 
2013-08-07 11:58:22 PM
"As opposed to most Americans who use 1% of their net worth to buy a copy of the Washington Post"

What American is buying a copy of the Washington Post?


// This is why the paper was sold for a cheap fire-sale price.
 
2013-08-08 07:49:53 AM
Maybe the paper was just a way to get the building and real estate.
(for future development )

www.outsidethebeltway.com

// looks like little open graves for all the ex Columbia journalism students.
 
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