Brad Stone speaks to Fresh Air about the recent news that Amazon CEO Jeff Bezos bought the Washington Post:
I concluded that it wasn’t all that surprising. I mean, Jeff Bezos has shown over many years that he is a huge fan of the written word. Written documents are key to how Amazon is run. Every meeting starts with a quiet reading of a “six-page narrative,” [as] they call them. Of course he started the business with books and about a decade later started the Kindle and kind of revolutionized the book business, so the written word is really key to what he’s built. … I think the opportunity was presented to him when the Graham family decided they wanted to get out of the business, and he thought that his special brand of innovation and long-term thinking and operating discipline could help to revive this franchise.
… My reaction was almost, “Good for the reporters of The Washington Post.” I mean, here they are stewing in the pessimism and … decline of the newspaper business and finally they have someone with very deep pockets and a very long runway, who will probably have quite a personal stake in seeing this thing revived.
Hear the full interview with Brad Stone, read more interview highlights, or read the first chapter of his book “The Everything Store” here.
image via Gawker