The Washington Post Company has signed a contract to sell The Washington Post and other papers to Jeff Bezos for $250 million. This is Bezo’s buy alone, it has no ties to Amazon.com Inc., which Bezos founded and remains CEO.
The deal includes the Post, the Express News, the Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing. Washington Post Company will retain Slate, TheRoot and Foreign Policy.
Katharine Weymouth (CEO and publisher); Stephen Hills (president and general manager); Martin Baron (executive editor); and Fred Hiatt (editorial page editor) will continue in their roles at the Post.