Amazon.com founder Bezos built book-selling site into online empire
NEW YORK (AP) - Over nearly two decades, Jeff Bezos built Amazon.com from a scrappy online bookseller into an e-commerce empire, shook up the print publishing world with the Kindle e-reader and even started a space travel company.
Now he is buying The Washington Post for US$250 million (S$318 million), purchasing one of the most celebrated US newspapers at a time when the print publishing industry is enduring steep declines in revenues and readership.
The question is, what happens now?
"There will of course be change at The Post over the coming years," Mr Bezos wrote in a memo to Post employees published on Monday on the paper's website.