The 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:
Washington Post sale for £160m this week is pretty much exactly what Johnston Press paid for the Scotsman as recently as 2005. Crivvens!
— alexmassie (@alexmassie) August 6, 2013