Jeff Bezos Buys the Washington Post

Jeff Bezos Buys the Washington Post Seattle magazine

File this under your unpredictable, out-of-the-blue Monday afternoon news: Seattle Business magazine just blogged that founder and CEO Jeff Bezos is purchasing The Washington Post, according to the newspaper.

Seattle Business managing editor John Levesque writes:

The Post reports that Bezos will pay $250 million in cash for the Post and affiliated publications. Amazon is not involved in the deal. The Post quotes Bezos as saying he does not have a concrete plan for the newspaper going forward and that it is “uncharted terrain.”

Read The Washington Post's take on it here.