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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Quote of the Day

Lucy Allan explains her positive comments about the Brexit Party…

“If EU elections are held, Leave supporting voters will want to vote for Leave supporting candidates… Usual party loyalties will be eclipsed by the Leave v Remain divide. It’s good to see strong candidates in the Leave camp. However, I sincerely hope we leave the EU before these elections are held so that we can move on and not waste time and money on unnecessary EU elections.”

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