Amazon CEO Jeff Bezos has a genius for seeing old businesses in new ways, growing what began as an online bookseller into the dominant retailer on the Web. So when he committed to buy the venerable Washington Post for $250 million, the reaction in the battered world of journalism quickly went from astonishment--the Post has been owned for 80 years by the Meyer-Graham family of Washington--to a guarded hope that Bezos might find a way forward for an important but endangered institution.
With this transaction, the era of the metropolitan daily colossus with a monopoly on its region officially ends. Like...
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