Washington Post Sells Cheap

Bezos has been immensely successful, however the newspaper business is unlike any other.

Nobody, but nobody has sustained profits in the newspaper world.  It's a bad business even before the internet came along.

And Bezos is going to print some serious red ink before he exits this loser.

He spent one percent of his personal worth to buy the WashPo, so has the funds to waste/invest(?).  Be interesting to see the results.  The old dead tree media journos have skills they can translate to the internet.  Whether, they can make the transition is the question.  Some dinosaurs evolved into birds, some became fossils.  Of course, even the translation may be flawed. T. Rex's descendants are no longer fearsome, just the main course at Colonel Sanders. 

Dan Rather's attempt to sabotage Bush's candidacy was the big reveal as to the power of new media.  In the past, MSM owned the presses and the stations.  Attempts to counter their influence was limited.  On the net, people familiar with fonts, typewriter capabilities and such could show that Rather's documents were counterfeit and his claims impossible.  Now, all MSM journos are on notice their fabrications will be challenged on a world stage.

The NY Times will be next. I left them when they started charging for reading stale articles that were already everywhere on the Internet. I always knew more than did they anyhow.