The Washington Post Sale Further Devalues Newspapers, Say Experts

By: Brent Lang & Sharon Waxman | The Wrap

The sale of the Washington Post to Jeff Bezos for $250 million on Monday underscores the steeply declining value of American newspapers and is ominous news for other marquee brands that are up for sale including the New York Times and Tribune Co.’s newspapers.

The Washington Post’s market cap of $4.2 billion would have suggested a higher price for one of the most distinguished brands in American journalism, according to analysts interviewed by TheWrap.

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