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

Jo Swinson on Chris Rennard…

“Vince — and Tim before him — have repeatedly, publicly said Rennard is not welcome anywhere near their frontbench team, even as an adviser. I remain deeply frustrated that he was not expelled from the party through its disciplinary process. It just feels wrong, and I do not want Lord Rennard to continue as a member of the party. As far as I am concerned, he is not welcome.”

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