WASHINGTON - Amazon.com founder Jeff Bezos is buying The Washington Post and other newspapers for $250 million.
The longtime publisher, The Washington Post Co., announced the deal Monday. Bezos is buying the paper as an individual. Amazon.com Inc. is not involved.
WJXT-TV, the company's five other television stations, Kaplan and Cable ONE were not part of the sale and will continue to be owned by The Washington Post Co. The company said it will change its name, but its new name has not been announced.
Washington Post chairman and CEO Donald Graham called Bezos a "uniquely good new owner." He said the decision was made after years of newspaper industry challenges.
Bezos said in a statement that he understands the Post's "critical role" in Washington and said its values won't change.
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