![]() “I know that when I’m 90, it’s going to be one of the things I’m most proud of, that I took on the Washington Post and helped them through a very rough transition,” Bezos said in an interview in 2018. There’s no doubt in my mind about that.” Within three years the paper had doubled its internet traffic and turned a profit. The Washington Post has an incredibly important role to play in this democracy. “It is the newspaper in the capital city of the most important country in the world. He said of his decision to buy the paper: “I had to do some soul-searching … Is this something I want to get involved in? I started to realise this is an important institution. When Bezos took over, the Post was bleeding money and he said the business model was “upside down”. ![]() ![]() The Amazon founder and second-richest person in the world ($169bn compared with Musk’s $252bn) bought the Washington Post for $250m in 2013. The world’s richest person struck a deal to buy Twitter – journalists’ and politicians’ preferred medium for sharing stories – for $44bn last week, promising to unleash its “extraordinary potential” to boost free speech and democracy across the world. The billionaires who now control vast swathes of the media landscape include: Elon Musk/Twitter “It is now unusual for major news media not to be owned by a billionaire, and that is why the Guardian, the Financial Times and the BBC are consistently shown to be the most trusted news brands.” “Whatever they may say, that’s the reason why they buy them. “It’s another sign that the super-wealthy wish to control assets that give them an extra level of power,” she said.
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