Tuesday, August 6, 2013

Jeff Bezos to buy Washington Post

Jeff Bezos buys the Washington Post, a newspaper Warren Buffett a lover of newspapers was heavily and personally invested in for decades.

Bezos has more imaginative and audacious ideas than Buffett could ever dream up for a newspaper? It is so easy to lose money in this business now.

The response of some NYT readers. No point getting upset over this. You have to earn your keep. Today our society have compacts taking us to many places we don't like. We have also not figured out much less getting people to agree how to do things differently. We always need to return to our values to guide us but if that value is money, we are in trouble. This is the problem we face in Singapore too.

Update: 12:45pm

Jeff Bezos on his purchase of the Washington Post. Excellent reading. I hope he lives up to his promise.

The first is the courage to say wait, be sure, slow down, get another source. Real people and their reputations, livelihoods and families are at stake. The second is the courage to say follow the story, no matter the cost. 

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