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Amazon.com Founder Buys Washington Post

Amazon.com Founder Buys Washington Post

The primary newspaper for many Northern Virginians is getting a new owner. Jeff Bezos of Amazon.com is paying $250 million for the Washington Post. Chairman and CEO Donald Graham says the Post has been losing money in recent years and he and his family agreed to look for a buyer. Former executive editor Leonard Downie says Graham is convinced the sale will help the newspaper to survive. The Washington Post Company used to own profitable radio and TV operations in the nation’s capital and Florida.