Amazon continues to grow in both its retail and technology businesses, which makes one wonder – does Amazon own the New York Times? What about The Washington Post? There have been many rumors and even some reports that claim the online retailer does indeed own those newspapers, but it’s something neither company will confirm or deny. Although Amazon and The New York Times are partners, other business deals between them could allow Amazon to purchase. But does Amazon own it?
Does Amazon Own the New York Times?
The New York Times is one of Amazon’s big partners. When you read a book on Kindle, it’s available on Amazon as well. Additionally, Amazon has been making an effort to increase its presence in brick-and-mortar retail stores and change how consumers make purchases.
Although there are no confirmed deals between Amazon and The New York Times, it makes sense that both companies would be interested in partnering in some way—Amazon wants to sell more physical goods, while The New York Times wants to make money from selling content online and via platforms like Kindle Fire.
So does Amazon own New York Times already? Not yet—but it’s hard to say that a deal won’t come through sometime soon. There have been rumours for years about Amazon purchasing The New York Times or vice versa, but nothing concrete has ever materialised. And Amazon founder Jeff Bezos owns a personal newspaper company called The Washington Post, so he may not want to invest in another news outlet right now.
But things could always change! It seems likely that Amazon will try to work with newspapers directly at some point; meanwhile, traditional publishers will have to figure out what they can do themselves if they want their businesses to survive long term. In short: stay tuned! It might not be too long before we see what happens next with Amazon and The New York Times.
Why do people think Amazon owns NY Times?
The obvious answer is that Amazon has been purchasing The Washington Post, which seems like it could easily be a prelude to acquiring The New York Times. Many people have jumped to that conclusion, but there’s no concrete evidence (as of yet) to suggest that Amazon wants to buy and run The New York Times.
If you go searching around online, you’ll see dozens of stories—most of them from just one year ago—that discuss how Jeff Bezos isn’t interested in running a traditional media company. So what’s behind all these rumors? Why do so many people think Amazon is about to acquire one of America’s most influential news sources? It could be because he owns enough media already.
How does the New York Times start?
The New York Times was founded in 1851 by Henry Jarvis Raymond and George Jones. In 1896, Adolph Ochs acquired The New York Times, publishing it under its current name. The newspaper has since launched various other publications that expand its coverage beyond news into many different fields.
It is ranked as one of America’s most influential newspapers and also one of The World’s Ten Most Influential Newspapers (1996–98). As of 2008, it had a circulation of 763,503 daily (Monday–Saturday) and 1,458,258 Sunday. It is currently owned by The New York Times Company. It publishes three English language national daily editions:
The New York Times (founded September 18, 1851), an international edition distributed in two sections each weekday to over 500,000 subscribers in more than 200 countries; and a section called International Herald Tribune/NYT News Service comprising seven regional editions—the North American Edition (the main paper with a largely U.S.-based staff), Europe, Asia/Pacific, Japan, Latin America, and Africa—with each edition containing stories from the local region.
In addition to these papers are over 50 smaller regional papers including three papers covering suburbs of New York City; its flagship publication is The Boston Globe. However, Amazon does not directly own any media outlets or publications. Amazon does not sell physical copies of books or subscriptions for them either.
Will Amazon acquire New York Times in the future?
It’s a burning question that’s been debated in boardrooms and op-ed pages for years. Some say Amazon CEO Jeff Bezos will never spend big bucks to buy The New York Times since he already owns it. But others say he doesn’t control it: Amazon has about 3% of its stock, so a white knight could swoop in and snatch it up.
Conclusion
In one word, No, Amazon does not have ownership of the New York Times. They do not even have ownership of The Washington Post or WIRED magazine or Business Insider. It is a common misconception that all major news outlets are owned by one large corporation, but that is just not true.
F&Q
Is the New York Times the most widely circulated newspaper?
The New York Times is a New York City-based morning daily newspaper that is widely regarded as one of the best in the world. Its strength lies in its journalistic quality; it has never been the most widely circulated newspaper.
What are the sources of revenue for the New York Times?
There are 2 sources of income. First, Revenues from print and digital subscriptions, as well as single-copy sales of the print newspaper, and makeup subscription revenue. Second, Advertising: This term refers to the sale of advertising products and services in print and on the internet.
Which businesses does Jeff Bezos own?
Through Amazon, Bezos Expeditions, his venture capital firm, Nash Holdings LLC, a private company he owns, the Bezos Family Foundation, and his riches, Bezos has made a wide range of investments.
