The Grahams Sell The Washington Post and Woodward Is Sad

By: Lloyd Grove | The Daily Beast

If Hell froze over, pigs took wing, sheep fell from the sky, and snow blanketed Hawaii, it still wouldn’t be as astonishing as Monday’s announcement that the storied Graham family is selling The Washington Post to a billionaire online-retailing entrepreneur.

Amazon.com founder and chief executive Jeffrey Bezos, whose net worth has been estimated at $28 billion, has agreed to pay $250 million in cash to take possession of the 136-year-old newspaper and several related media properties within 60 days. Bezos’s acquisition is personal, not corporate, so The Post will once again be a private entity—something it hasn’t been since the Grahams took the company public in 1971.

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