The 21st century is the century of advanced technology and digitalization. With everything available on the mobile phones, people have forgotten the feeling of holding the newspaper, and reading the news while doing their morning rituals. The Washington Post is one of the famous and oldest newspaper publication. Does amazon own The Washington Post?
In this article, you will have a clear idea about it.
Jeff Bezos is the owner and founder of the largest online store, Amazon, in the world. But he is not stopping at that. Over the years, he has acquired many companies. The Washington Post is one of them. But why did he invest in a dying industry? What is the reason behind it? To know more, read this article. Hopefully, you will find it informative.
What is The Washington Post?
With time, many things change, people, cities, capitals, presidents, and so on. But one of the few things that remain constant is the newspaper. The Washington Post is one such newspaper. One of the most circulated news publications in America, the Washington Post has seen an astonishing change over the past decade. A contemporary to The New York Times and The Wall Street Journal, The Washington Post was suffering from losses since the 1990s.
Does Amazon own it?
Amazon itself has not acquired the rights to The Washington Post. Its founder, and executive chairman, Jeffery Bezos had bought the newspaper in 2013. He gave a whopping amount of $250 million to own this age-old newspaper. This news was taken by surprise by many media houses and newspaper publications. The company is currently owned by Nash Holdings LLC, a company owned and controlled by Bezos. The newspaper was bought from the Graham Family Holdings, the former owner of this, and the Newsweek Magazine.
Why did Jeff Bezos purchase The Washington Post?
The Washington Post is a 144 years old newspaper publication that was limited to the spheres of the national capital of the United States. Jeff Bezos’ vision was to convert this daily newspaper into a national paper outlet, by making use of it being in the national capital of the world’s biggest economy. While using the gift of the internet, Bezos has transformed the traditional paper into a modern publication. Recently the post launched a blog, podcast, and an online personal finance section to stay up-to-date and provide as much information to its readers.
How has Jeff Bezos influenced The Washington Post?
Before 2013, The Washington Post was losing its customers and pushing towards bankruptcy. Since Bezos acquired its rights, The Washington Post has become a profitable print outlet. He has transitioned a dying publication by infusing technology into it. The strategies, including the management system of content, have had a vast impact on the popularity and quality of the content of the post. Its engagement on online platforms has also attracted an audience among the younger generation. The Washington Post has grown to over 1.5 million digital-only subscribers and has cemented its position as a national newspaper.
Has Amazon been affected after buying?
In short, no. In 2017, Donald Trump called The Washington Post the Amazon Washington Post and accused Bezos of using the paper for its own interests. Since Jeff Bezos acquired The Washington Post, there has been no significant change in Amazon. The accusation that Amazon would receive special attention and advertising over other companies has been proven as false. As Amazon is not directly linked to the news publication it has not affected it.
Conclusion
Since 2013, Jeff Bezos has owned and changed the dynamics of The Washington Post in just a few years. Amazon itself does not own the rights to this newspaper. But Bezos’ company, Nash Holdings LLC has a substantial share in the news publication. The Washington Post has already emerged as a national sensation and with Jeff Bezos’ innovative ideas and visionary ideology, it has the capacity to become a global phenomenon.
Frequently Asked Questions
- How to subscribe to The Washington Post?
You can subscribe to The Washington Post online. It has the All-Access digital content for $1 for four weeks. Under this plan, you will be able to get access to unlimited content, with 24/7 news updates, from all around the world.
2. Do Amazon Prime members get a free Washington Post digital subscription?
Yes, they do. Amazon Prime members get a free Washington Post digital subscription for a month. After that, you can subscribe for $3.99/ per month if you want to continue. Otherwise, you can cancel the subscription.
3. Can I view The Washington Post app on multiple devices?
Yes, you can download and view The Washington Post app on as many devices as you want. It is even available on TV, and you can download it through Apple TV or the Fire TV app store.
4. Is Jeff Bezos going to sell The Washington Post?
There has been no indication that Jeff Bezos wants to sell The Washington Post. And it looks as if he will not sell it as of now.
