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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Stella Creasy at Jewish Labour fringe event…

“I was going to say something about how good it is being a Jew in the Labour party at the moment… but someone told me you guys don’t get irony.”

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