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Amazon CEO Jeff Bezos (R) and his wife MacKenzie arrive at the annual Allen and Co. conference at the Sun Valley, Idaho Resort July 12, 2013. Amazon Inc founder Jeff Bezos has agreed to buy the newspaper assets of the Washington Post Co, including its flagship daily, for $250 million.[Photo/Agencies] |
Washington Post sold to Amazon's founder
A look inside the Washington Post Co businesses
Amazon.com Inc. founder & CEO Jeff Bezos announced Monday that he had agreed to purchase the Washington Post newspaper and some other papers owned by the Washington Post Co for $250 million. The education and media company's flagship daily is only a small part of its operations:
Market cap: $4.2 billion.
Revenue (2012): $4.02 billion.
Major sources of revenue (2012): 55 percent from education and career services; 20 percent from cable television; 14 percent from newspaper publishing; 10 percent from television broadcasting; and 1 percent from other businesses.
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