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Amazon founder Bezos to buy Washington Post
Amazon founder Bezos to buy Washington Post Inc. founder Jeff Bezos will buy The Washington Post for $250 million in a surprise deal that ends the Graham family's 80-year ownership and hands one of the country's most influential publications to the tech entrepreneur. Bezos, hailed by many as a visionary who helped transform Internet retail, called his acquisition a personal endeavor and reassured Post employees and readers that he will preserve the paper's journalistic tradition while driving innovation. The acquisition, the latest in a flurry of recent media deals including The New York Times Co.'s sale of the Boston Globe for $70 million, is a further indication of the unprecedented challenges...