Amazon founder Jeff Bezos is playing an increasingly active role in The Washington Post's operations, report says
Former Amazon chief executive and president Jeff Bezos has become increasingly involved in the operations of The Washington Post, the venerable newspaper that he purchased for $250 million a decade ago,In past years, representatives of Bezos kept close tabs on the budget, but Bezos has recently taken a more active approach as the publication has encountered economic headwinds and internal dissent.
The Times report noted that The Post was set to lose $100 million this year, according to two individuals with knowledge of The Post's financial situation who spoke to the newspaper. Two other individuals also told The Times that The Post was projected to miss its advertising revenue estimates for the year.
When Bezos bought The Post in 2013, it was the end of an era for the newspaper, which for generations had been run by the Graham family, whose stewardship saw the paper ascend to monumental heights with its Watergate and Pentagon Papers coverage.
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