No sooner had I hit “publish” on Monday’s item about The Washington Post than a rumor started circulating that Amazon founder Jeff Bezos was getting ready to sell. The New York Post claimed that Bezos would unload the Post in order to raise money so that he could buy the Washington Commanders.
The rumor made no sense. Bezos, the fourth-richest person in the world, is worth $120.7 billion, according to Forbes, and could presumably buy the Commanders with change he finds in his pants pocket. (The Commanders are valued at $5.6 billion, according to Statista.) Selling the Post would bring in very little — he paid $250 million for it in 2013, and though the paper enjoyed years of profits and meteoric growth, it’s been losing both circulation and money over the past year. Which is to say that he might not be able to get much more for the Post than he paid for it nearly 10 years ago.
As Chloe Melas reports for CNN, spokespersons for both Bezos and the Post denied the rumor immediately. CNN’s Oliver Darcy, in his media newsletter, notes that the N.Y. Post later toned down its headline.
If Bezos ever gets tired of being a newspaper mogul, I hope he’ll donate the Post to a nonprofit organization, as the late Gerry Lenfest did with The Philadelphia Inquirer. But a week after one of Bezos’ rare visits to the Post, there are no signs of that happening.