Amazon's Jeff Bezos just bought the Washington Post

boatBurner

boatBurner

shutup, crime!
Feb 24, 2012
1,521
35
0
Completely independent, for a cool $250 million.

Breaking: Jeff Bezos buys The Washington Post for $250 million | The Verge

13080511371438448.gif
 


Perhaps he will stop the post from pushing the administrations agenda... Lol now he has a voice to push his own agenda
 
Say what you will about Bezos, but he's one hell of a smart businessman.
 
thehobbster said:
In the year Two-Thousaaaaaaaaaaand....

All Washington Post subscriptions require a Kindle Fire for digital delivery.

In the yeear Two-Thousuuuuuuuund...
Click to expand...

I actually think he'll tie it to Prime... free Post subscription for all prime subscribers.
 
Hurr-Durr said:
Say what you will about Bezos
Click to expand...

OK. He murdered a hooker in Topeka Kansas back in August of 1998 and buried her body in a shallow grave near a creek about 15 miles east of where he abducted her.

drave said:
PROS: he didn't buy an airline
CONS: he bought a newspaper

great get, as far as absolute shit businesses go.
Click to expand...

Warren Buffet is a pretty smart investor and he's bought several papers recently.
 
drave said:
PROS: he didn't buy an airline
CONS: he bought a newspaper

great get, as far as absolute shit businesses go.
Click to expand...

Meh, it's less than 1% of his net wealth and it's a profitable business.

I assume it's going to become sort of his "political voice"... pretty cheap if you ask me given the impact that newspaper has.

The newspaper businesses that are struggling are the ones not offering anything unique and are drowning in pensions of ex-workers.
 
I still can't understand valuations on New Sites. One day they're worth $xxx million, the next day, they're worth $10 million. I guess it all comes down to if someone wants to buy or not.

Owning a major news outlet can be very influential, but its tough to put a dollar number on the impact...
 
pocketrockets said:
Meh, it's less than 1% of his net wealth and it's a profitable business.

I assume it's going to become sort of his "political voice"... pretty cheap if you ask me given the impact that newspaper has.

The newspaper businesses that are struggling are the ones not offering anything unique and are drowning in pensions of ex-workers.
Click to expand...

*Edit -- not profitable as a whole but individual parts are and likely where he sees value.
 
IMO the paper doesn't need to make a dime. Amazon's ebook revenue is now in the billions annually, what's 250 mill for a newspaper if offering the paper as a perk moves some Kindles and Prime memberships? Kindle sales and prime subscriber count are what drives that stock's price.

Really though it would be hard for amazon not to improve its monetization, especially digitally. Book review? Link to amazon.com purchase page. Game review? Amazon pre-purchase page. DVD Box Set? Pre-purchase page.

Could sell all kinds of Amazon products too. Advertise memorabilia in the sports section, business books in the business section, etc. Huge labor savings too not needing a big sales team to sell the newspaper's ads.
 
Unarmed Gunman said:
Warren Buffet is a pretty smart investor and he's bought several papers recently.
Click to expand...

and if you read his personal notes, he calls himself both an airline-aholic and a newspaper-aholic, regretting them all but seemingly unable to help himself for personal reasons.

i own every buffett biography there is, and he'd be the first to say "newspapers suck, just behind airlines". even geniuses have blind spots.
 
drave said:
and if you read his personal notes, he calls himself both an airline-aholic and a newspaper-aholic, regretting them all but seemingly unable to help himself for personal reasons.

i own every buffett biography there is, and he'd be the first to say "newspapers suck, just behind airlines". even geniuses have blind spots.
Click to expand...

Maybe. But I trust his judgement enough to put my kids money in Berkshire. And I'm sure Bezos has a plan too, it's hard to make tens of billions of dollars without knowing what you're doing.
 
Unarmed Gunman said:
Maybe. But I trust his judgement enough to put my kids money in Berkshire. And I'm sure Bezos has a plan too, it's hard to make tens of billions of dollars without knowing what you're doing.
Click to expand...

bro, i trust his judgement too, but when buffett dies, BRK is gonna tank hard, and he's gonna die soon. his name is the only thing that keeps that stock afloat at its present value.

not to say the 75+ underlying companies don't have value, they do. i'm a finance guy, i've worked on wall street, i'm the biggest disciple there is in the value of what he's amassed, but the difference between market value and actual value is going to get nuts when he passes. i don't know your kids ages, but you're gonna need some significant time for a rebound and i'm not sure the market will ever fully recognize the value of berkshire without his name attached.

i'm a flat buffett groupie and i wouldn't put a dollar in BRK. ymmv. good luck bro.
 
drave said:
bro, i trust his judgement too, but when buffett dies, BRK is gonna tank hard, and he's gonna die soon. his name is the only thing that keeps that stock afloat at its present value.

not to say the 75+ underlying companies don't have value, they do. i'm a finance guy, i've worked on wall street, i'm the biggest disciple there is in the value of what he's amassed, but the difference between market value and actual value is going to get nuts when he passes. i don't know your kids ages, but you're gonna need some significant time for a rebound and i'm not sure the market will ever fully recognize the value of berkshire without his name attached.

i'm a flat buffett groupie and i wouldn't put a dollar in BRK. ymmv. good luck bro.
Click to expand...

True finance? Then you're either for or against. So.. you short BRK? mm?
 
$250 million seems like a cheap price for the authority and influence of a national newspaper like the Washington Post
 
You must log in or register to reply here.
Top Bottom