Bezos and Washington Post show honeymoon is over for tech mogul media owners

[BidenPresident]

Anxiety peaked 10 days ago when Bezos visited the Post and reaffirmed his commitment to journalism, but just four days before the paper announced a wave of layoffs across the title.

Over the past decade, the influx of tech money into the news media was as dramatic as it was surprising. Bezos bought the Post from the Graham family in 2013 for $250m; eBay founder Pierre Omidyar pumped the same sum into First Look Media; Laurene Powell Jobs bought a controlling stake in the Atlantic for a reported $160m; Biotech billionaire Patrick Soon-Shiong paid $500m for the Los Angeles Times; and Salesforce founder Marc Benioff bought the rights to the trademark “Time” for $190m.

https://www.theguardian.com/media/2023/jan/29/tech-moguls-media-jeff-bezos-washington-post

 

[Hawkeye10]

The Bezos Times has shredded its credibility.

I hear that Bezos would like to sell.

 

[Hawkeye10]

Neither journalism nor making money was the point, pushing agendas was the point.....but this does not happen when the credibility is gone and these former great companies are bleeding soooo much money now.

 

[Hawkeye10]

Vanity Fair and Atlantic were the last two mags I gave up...several years ago.

Mags were once a great joy....all gone now.

 

[Hawkeye10]

I spent so many hours browsing mag stands....last time was certainly more than five years ago.