Amazon on Dead Tree Press: Buy It Now

imageThe Washington Post has been sold for a quarter of the price that Facebook bought Instagram. It’s valuation at $250 million is $65 million less than Arianna managed to convince AOL to give her for the Huffington Post. The ultimate irony is that print is now being bought up by digital; it’s believed Amazon founder Jeff Bezos is spending less than 1% of his fortune on his purchase of this American institution. If this is the price of the Post, other papers better sell up soon before their value drops even further. Guido preparing a bid for the Guardian…

UPDATE: For context:



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GuidoFawkes Quote of the Day

Paul Waugh asks Chuka Umunna if he wants children:

“It’s always something that my father taught me, which is really the bedrock of everything is your family and that’s true. My family and the people close to me keep me sane. Sometimes, things get blown up out of all proportion in this place and that’s always the reaction of my family, my girlfriend and my friends. I can use that to judge whether it really is that important.”

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