The Post Hunt was an annual puzzlehunt in Washington, DC . It was co-created by Miami Herald columnist Dave Barry , along with Gene Weingarten and Tom Shroder . The Post Hunt debuted in 2008. The most recent hunt took place on May 22, 2016. The hunt was discontinued in 2017. It was a renamed version of the Tropic Hunt , also created by Barry, Weingarten and Shroder, which had a long run in Miami, FL .
122-568: The Washington Post Magazine held a Hunt in downtown Washington DC, attended by about 5,000 people, including dozens who came up from South Florida. In 2015, for the first time in 10 years, Gene Weingarten, now a columnist for the Post Magazine, joined Shroder, now editor of the Post Magazine, and Barry in designing the Hunt. The Hunt consists of three parts. Answering the "opening questions" directs Hunters to five puzzle sites scattered through
244-645: A Montessori school in Albuquerque when he was 2. Ted struggled with alcohol and with his finances. Jacklyn left her husband to live with her parents, filing for divorce in June 1965 when Jeff was 17-months-old. After his parents divorced, his mother married Cuban immigrant Miguel "Mike" Bezos in April 1968. Shortly after the wedding, Mike adopted 4-year-old Jeff, whose surname was then legally changed from Jorgensen to Bezos. Jacklyn, her husband, and her son left
366-900: A $ 600-million contract with the Central Intelligence Agency (CIA) on behalf of Amazon Web Services. In October of that year, Amazon was recognized as the largest online shopping retailer in the world. In May 2016, Bezos sold slightly more than one million shares of his holdings in the company for $ 671 million, the largest sum he had ever raised from selling some of his Amazon stock. On August 4, 2016, Bezos sold another million of his shares for $ 756.7 million. A year later, Bezos took on 130,000 new employees when he ramped up hiring at company distribution centers. By January 19, 2018, his Amazon stock holdings had appreciated to slightly over $ 109 billion; months later he began to sell stock to raise cash for other enterprises, in particular, Blue Origin . On January 29, 2018, he
488-475: A 4.2 GPA and was elected to Phi Beta Kappa and Tau Beta Pi . Bezos graduated from Princeton in 1986 with a Bachelor of Science in Engineering (BSE), summa cum laude . After Bezos graduated from college in 1986, he was offered jobs at Intel , Bell Labs , and Andersen Consulting , among others. He first worked at Fitel, a fintech telecommunications start-up , where he was tasked with building
610-521: A certain out-of-the-way location and give a password to someone identified in a cryptic way. The winners of the 2016 Washington Post hunt were Benjamin McRae, Erin McRae, Mark Swiatek, and Michael Engard The winners of the 2015 Washington Post hunt were Todd Etter, Chris Guthrie, Matthew Hartman, and Charlie Scarborough The winners of the 2014 Washington Post Hunt were Todd Etter, David Forrest, Chris Guthrie, and Charlie Scarborough The winner of
732-612: A columnist. In 2018, Khashoggi was murdered by Saudi agents in Istanbul . In October 2023, the Post announced it would cut 240 jobs across the organization by offering voluntary separation packages to employees. In a staff-wide email announcing the job cuts, interim CEO Patty Stonesifer wrote, "Our prior projections for traffic, subscriptions and advertising growth for the past two years — and into 2024 — have been overly optimistic". The Post has lost around 500,000 subscribers since
854-693: A fair amount of job security". Around 750 employees at The Washington Post went on a brief strike in December 2023 in response to Bezos' plans to lay off staff. In 2024, Bezos blocked the Washington Post ' s editorial board from endorsing Kamala Harris in the presidential election . The move was criticized by former editor Marty Baron , who considered it to be an act of "disturbing spinelessness at an institution famed for courage" and said that it would invite intimidation of Bezos by Donald Trump. Editor-at-large Robert Kagan also resigned in
976-496: A former Democratic congressman from Ohio. To promote the newspaper, the new owners requested the leader of the United States Marine Band , John Philip Sousa , to compose a march for the newspaper's essay contest awards ceremony. Sousa composed " The Washington Post ". It became the standard music to accompany the two-step, a late 19th-century dance craze, and remains one of Sousa's best-known works. In 1893,
1098-666: A fourth unit in that building for $ 5.3 million in 2012. In February 2020, Bezos purchased the Warner Estate from David Geffen for $ 165 million, a record price paid for a residence in the Los Angeles area. The previous record high price of $ 150 million was paid by Lachlan Murdoch for the Chartwell Mansion . During the COVID-19 pandemic , it was reported that Bezos's fortune had grown by $ 24 billion, citing
1220-519: A front-page story which advertised the location at which white servicemen were planning to meet to carry out attacks on black Washingtonians. In 1929, financier Eugene Meyer , who had run the War Finance Corp. since World War I , secretly made an offer of $ 5 million for the Post, but he was rebuffed by Ned McLean. On June 1, 1933, Meyer bought the paper at a bankruptcy auction for $ 825,000 three weeks after stepping down as Chairman of
1342-744: A life-extension research firm hoping to slow or stop the process of aging. Bezos is involved in the healthcare sector, which includes investments in Unity Biotechnology, GRAIL , Juno Therapeutics , and Zocdoc . In January 2018, an announcement was made concerning Bezos's role within a new, unnamed healthcare company. This venture, later named Haven , is expected to be a partnership between Amazon, JPMorgan , and Berkshire Hathaway . Bezos also supports philanthropic efforts through direct donations and non-profit projects funded by Bezos Expeditions. Bezos used Bezos Expeditions to fund several philanthropic projects, including an Innovation center at
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#17327831874551464-479: A low profile until 2006 when it purchased a large tract of land in West Texas for a launch and test facility. After the company gained the public's attention during the late 2000s, Bezos additionally indicated his interest in reducing the cost of space travel for humans while also increasing the safety of extraterrestrial travel. In September 2011, one of the company's uncrewed prototype vehicles crashed during
1586-497: A major role in the resignation of President Richard Nixon , won the newspaper a Pulitzer Prize in 1973. In 1972, the "Book World" section was introduced with Pulitzer Prize-winning critic William McPherson as its first editor. It featured Pulitzer Prize-winning critics such as Jonathan Yardley and Michael Dirda , the latter of whom established his career as a critic at the Post . In 2009, after 37 years, with great reader outcries and protest, The Washington Post Book World as
1708-520: A millionaire in 1997 after raising $ 54 million through Amazon's initial public offering (IPO). He was first included on the Forbes World's Billionaires list in 1999 with an estimated net worth of $ 10.1 billion, which placed his on the 19th position in the world and 10th in the USA. His net worth decreased to $ 6.1 billion a year later, a 40.5% drop. His wealth plummeted even more
1830-492: A national audience. As of 2023, the Post has 135,980 print subscribers and 2.5 million digital subscribers, both of which are the third-largest among U.S. newspapers after The New York Times and The Wall Street Journal . The Post was founded in 1877. In its early years, it went through several owners and struggled both financially and editorially. In 1933, financier Eugene Meyer purchased it out of bankruptcy in 1933 and revived its health and reputation; this work
1952-487: A network for international trade . Bezos was promoted to head of development and director of customer service thereafter. He transitioned into the banking industry when he became a product manager at Bankers Trust from 1988 to 1990. He then joined D. E. Shaw & Co , a newly created hedge fund with a strong emphasis on mathematical modelling from 1990 until 1994. Bezos became D. E. Shaw's fourth senior vice-president by age 30. In spring 1994, Bezos read that web usage
2074-650: A new orbital launch vehicle was under development and would make its first flight in the late-2010s. Later in November, Blue Origin's New Shepard space vehicle successfully rocketed into space and reached its planned test altitude of 329,839 feet (100.5 kilometers) before executing a vertical landing back at the launch site in West Texas. In 2016, Bezos allowed select journalists to visit, tour, and photograph his facility. He has repeatedly called for increased inter-space energy and industrial manufacturing to decrease
2196-429: A pseudonym. His wife Agnes Ernst Meyer was a journalist from the other end of the spectrum politically. The Post ran many of her pieces including tributes to her personal friends John Dewey and Saul Alinsky . In 1946, Meyer was appointed head of World Bank , and he named his son-in-law Phil Graham to succeed him as Post publisher. The post-war years saw the developing friendship of Phil and Kay Graham with
2318-450: A registered net worth of $ 112 billion. He unseated Bill Gates ($ 90 billion), who was $ 6 billion ahead of Warren Buffett ($ 84 billion), ranked third. He is considered the first registered centi-billionaire (not adjusted for inflation ). His wealth, in 2017–18 terms, equaled that of 2.7 million Americans. Bezos's net worth increased by $ 33.6 billion from January 2017 to January 2018. This increase outstripped
2440-453: A series of individual stories..." He has been described as a "hands-off owner", holding teleconference calls with executive editor Martin Baron every two weeks. Bezos appointed Fred Ryan (founder and CEO of Politico ) to serve as publisher and chief executive officer. This signaled Bezos' intent to shift the Post to a more digital focus with a national and global readership. In 2015,
2562-650: A short-hop test flight. Although the crash was viewed as a setback, news outlets noted how far the company went from its founding-to-date in advancing spaceflight . After the crash, Bezos has been superstitiously wearing his "lucky" Texas Cowboy boots to all rocket launches. In May 2013, Bezos met with Richard Branson , chairman of Virgin Galactic , to discuss commercial spaceflight opportunities and strategies. He has been compared to Branson and Elon Musk as all three are billionaires who prioritize spaceflight among their business interests. In 2015, Bezos announced that
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#17327831874552684-568: A short-order line cook during the breakfast shift. Bezos attended the Student Science Training Program at the University of Florida . He was high school valedictorian , a National Merit Scholar , and a Silver Knight Award winner in 1982. In his graduation speech, Bezos told the audience he dreamed of the day when mankind would colonize space . A local newspaper quoted his intention "to get all people off
2806-540: A standalone insert was discontinued, the last issue being Sunday, February 15, 2009, along with a general reorganization of the paper, such as placing the Sunday editorials on the back page of the main front section rather than the "Outlook" section and distributing some other locally oriented "op-ed" letters and commentaries in other sections. However, book reviews are still published in the Outlook section on Sundays and in
2928-531: A start capital of $ 3 billion and an executive team led by Hal Barron . Journalist Nellie Bowles of The New York Times has described the public persona and personality of Bezos as that of "a brilliant but mysterious and coldblooded corporate titan". During the 1990s, Bezos earned a reputation for relentlessly pushing Amazon forward, often at the expense of public charity and social welfare. Journalist Mark O'Connell criticized Bezos's relentless customer focus as "very small" in terms of impact on humanity as
3050-572: A story about his past ties to a phone hacking scandal, have further shaken the newsroom's morale. Lewis continues to grapple with declining revenue and audience on the business front, seeking strategies to regain subscribers lost since the Trump era. Later that month, the paper ran a story allegedly exposing a connection between incoming editor Robert Winnett and John Ford, a man who "admitted to an extensive career using deception and illegal means to obtain confidential information." Winnett withdrew from
3172-599: A surge in demand from households on lockdown shopping on Amazon. He further expanded his residential holdings in February 2022, purchasing a $ 16.13-million-dollar apartment at a 24-story boutique condominium, located across from Madison Square Park in the Flatiron neighbourhood, where he already owns all the units on the top floors. Bezos is the owner of the Y721 , a luxury superyacht estimated to cost more than $ 500,000,000; it
3294-901: A total value of $ 4 billion. Bezos announced that he intended to sell 50 million shares in Amazon over the next year. In September 2000, Bezos founded Blue Origin, a human spaceflight startup . Bezos has long expressed an interest in space travel and the development of human life in the Solar System. His 1982 high school valedictorian senior graduation speech was followed up with a Miami Herald interview in which he expressed an interest to build and develop hotels, amusement parks, and colonies for human beings who were in orbit. The 18-year-old Bezos stated that he wanted to preserve Earth from overuse through resource depletion . Rob Meyerson led Blue Origin from 2003 to 2017 and served as its first president. After its founding, Blue Origin maintained
3416-421: A two-pizza rule—a preference that meetings are small enough for two pizzas to feed everyone in the boardroom. When interviewing candidates for jobs at Amazon, he has stated he considers three inquiries: can he admire the person, can the person raise the common standard , and under what circumstances could the person become exemplary. In 2018, it was reported that he met with Amazon investors for just six hours
3538-696: A variety of other e-commerce products and services, including video and audio streaming, cloud computing, and artificial intelligence . It is the world's largest online sales company, the largest Internet company by revenue , and the largest provider of virtual assistants and cloud infrastructure services through its Amazon Web Services branch. Bezos founded the aerospace manufacturer and sub-orbital spaceflight services company Blue Origin in 2000. Blue Origin's New Shepard vehicle reached space in 2015 and afterwards successfully landed back on Earth; he flew into space on Blue Origin NS-16 in 2021. He purchased
3660-407: A whole, a sentiment technologist Tim O'Reilly agreed with. His business practices projected a public image of prudence and parsimony with his own wealth and that of Amazon. In 1999, Bezos was worth $ 10 billion yet drove a 1996 Honda Accord . Throughout the early 2000s, he was perceived to be geeky or nerdy. Bezos was seen by some as needlessly quantitative and data-driven. This perception
3782-419: A year. Instead of using presentation slides , Bezos requires high-level employees to present information with six-page narratives. Since 1998, Bezos has published an annual letter for Amazon shareholders wherein he frequently refers to five principles: focus on customers, not competitors; take risks for market leadership ; facilitate staff morale; build a company culture ; and empower people. Bezos maintains
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3904-464: Is always Day 1" to describe his growth mindset . Bezos used what he called a "regret-minimization framework" while working at D. E. Shaw and again during the early years of Amazon. He described this life philosophy by stating: "When I'm 80, am I going to regret leaving Wall Street? No. Will I regret missing the beginning of the Internet? Yes." During the 1990s and early 2000s at Amazon, he
4026-424: Is an American business magnate best known as the founder, executive chairman, and former president and CEO of Amazon , the world's largest e-commerce and cloud computing company. He is the second wealthiest person in the world, with a net worth of US$ 230 billion as of November 13, 2024, according to Forbes and Bloomberg Billionaires Index . He was the wealthiest person from 2017 to 2021, according to both
4148-580: Is in Washington, D.C., and its suburbs in Maryland and Northern Virginia. The newspaper's 21 current foreign bureaus are in Baghdad , Beijing , Beirut , Berlin , Brussels , Cairo , Dakar , Hong Kong , Islamabad , Istanbul , Jerusalem , London , Mexico City , Moscow , Nairobi , New Delhi , Rio de Janeiro , Rome , Seoul , Tokyo , and Toronto . In November 2009, the newspaper announced
4270-916: Is the largest yacht in the world. According to Forbes Bezos was the second-wealthiest person in America and the third-wealthiest person in the world in 2023. Bezos is the second-wealthiest person in the world according to Bloomberg Billionaires Index . His net worth is about US$ 197 billion as of February 2024. Bezos is known for creating an adversarial environment at Amazon, as well as insulting and verbally abusing his employees . As journalist Brad Stone revealed in his book The Everything Store , Bezos issued remarks to his employees such as "I'm sorry, did I take my stupid pills today?", "Are you lazy or just incompetent?", and "Why are you ruining my life?" Additionally, Bezos reportedly pitted Amazon teams against each other, and once refused to give Amazon employees city bus passes in order to discourage them from leaving
4392-667: The Bloomberg Billionaires Index and Forbes . Bezos was born in Albuquerque and raised in Houston and Miami . He graduated from Princeton University in 1986 with degrees in electrical engineering and computer science . He worked on Wall Street in a variety of related fields from 1986 to early 1994. Bezos founded Amazon in mid-1994 on a road trip from New York City to Seattle . The company began as an online bookstore and has since expanded to
4514-695: The Los Angeles Times , and The Wall Street Journal . The Post has distinguished itself through its political reporting on the workings of the White House, Congress, and other aspects of the U.S. government. It is considered a newspaper of record in the U.S. The Washington Post does not print an edition for distribution away from the East Coast . In 2009, the newspaper ceased publication of its National Weekly Edition due to shrinking circulation. The majority of its newsprint readership
4636-776: The International Trade Union Confederation named Bezos the "World's Worst Boss", with its general secretary Sharan Burrow saying: "Jeff Bezos represents the inhumanity of employers who are promoting the North American corporate model", while in 2019, Harvard Business Review , which ranked Bezos the best-performing CEO for 4 years in a row since 2014, did not rank him even in the top 100, citing Amazon's "relatively low ESG ( environment , social , and governance ) scores" that reflect "risks created by working conditions and employment policies, data security , and antitrust issues." During
4758-575: The Post for two years before selling it in 1905 to John Roll McLean , owner of the Cincinnati Enquirer . During the Wilson presidency, the Post was credited with the "most famous newspaper typo " in D.C. history according to Reason magazine; the Post intended to report that President Wilson had been "entertaining" his future-wife Mrs. Galt, but instead wrote that he had been "entering" Mrs. Galt. When McLean died in 1916, he put
4880-524: The Post moved from the building it owned at 1150 15th Street to a leased space three blocks away at One Franklin Square on K Street . Since 2014 the Post has launched an online personal finance section, a blog, and a podcast with a retro theme. The Post won the 2020 Webby People's Voice Award for News & Politics in the Social and Web categories. In 2017, the newspaper hired Jamal Khashoggi as
5002-549: The Post with two remaining local competitors, the Washington Star ( Evening Star ) and The Washington Daily News . In 1972, the two competitors merged, forming the Washington Star-News. Following Graham's death in 1963, control of The Washington Post Company passed to his wife, Katharine Graham (1917–2001), who was also Eugene Meyer's daughter. Few women had run prominent national newspapers in
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5124-557: The Post 's average printed weekday circulation is 139,232, making it the third largest newspaper in the country by circulation. For many decades, the Post had its main office at 1150 15th Street NW. This real estate remained with Graham Holdings when the newspaper was sold to Jeff Bezos' Nash Holdings in 2013. Graham Holdings sold 1150 15th Street, along with 1515 L Street, 1523 L Street, and land beneath 1100 15th Street, for $ 159 million in November 2013. The Post continued to lease space at 1150 L Street NW. In May 2014, The Post leased
5246-761: The Seattle Museum of Flight . In September 2021, Bezos co-founded Altos Labs with Mail.ru founder Yuri Milner . Altos Labs is a well-funded biotechnology company dedicated to harnessing cellular reprogramming to develop longevity therapeutics . The company has recruited prominent scientists such as Juan Carlos Izpisúa Belmonte (known for work on rejuvenation through reprogramming), Steve Horvath (known for work in epigenetic aging clocks ), and Shinya Yamanaka (the Nobel Prize -winning inventor of cellular reprogramming in mammalian cells). The company left stealth mode and launched on January 19, 2022, with
5368-593: The U.S. Atomic Energy Commission (AEC) in Albuquerque. Lawrence retired early to his family's ranch near Cotulla, Texas , where his grandson would spend many summers in his youth and which he would later purchase and expand from 25,000 acres (10,117 ha) to 300,000 acres (121,406 ha). Jeff displayed scientific interests and technological proficiency and once rigged an electric alarm to keep his younger half-siblings out of his room. The family moved to Miami, Florida , where Jeff attended Miami Palmetto High School . In high school, he worked at McDonald's as
5490-578: The Watergate scandal and the 1974 resignation of President Richard Nixon . In October 2013, the Graham family sold the newspaper to Nash Holdings , a holding company owned by Jeff Bezos , for $ 250 million. As of 2024, the newspaper had won the Pulitzer Prize 76 times for its work, the second-most of any publication after The New York Times . It is considered a newspaper of record in
5612-743: The third quarter of 2021 he would step down from his role as CEO of Amazon to become the Executive Chairman of the Amazon Board. He was succeeded as CEO by Andy Jassy . On February 2, 2021, Bezos sent an email to all Amazon employees, telling them the transition would give him "the time and energy [he] need[s] to focus on the Day 1 Fund , the Bezos Earth Fund , Blue Origin , The Washington Post , and [his] other passions." In February 2024, Bezos sold 24 million shares in Amazon at
5734-633: The "wealthiest person in modern history" by the Bloomberg Billionaires Index , Fortune , MarketWatch , The Wall Street Journal , and Forbes . In 2019, Bezos's wealth was reduced by the divorce from his wife MacKenzie Bezos . According to Forbes , had the Washington state common law applied to their divorce without a prenuptial agreement, Bezos's wealth could have been equitably divided with his ex-wife; however, she eventually received 25% of Bezos's Amazon shares, then valued at approximately $ 36 billion, making her
5856-462: The 2008 Washington Post Hunt were Todd Etter, David Forrest, Chris Guthrie, and Jack Reda Washington Post Magazine The Washington Post , locally known as The Post and, informally, WaPo or WP , is an American daily newspaper published in Washington, D.C. , the national capital. It is the most widely circulated newspaper in the Washington metropolitan area and has
5978-491: The 2011 Washington Post Hunt were Sean and Diana Viera, Alex Elliott, Kevin Chang, James Auwaerter, Amy Posten and Galen Mullins The winners of the 2010 Washington Post Hunt were John Sanders, Eana Chung, Eric Pilar, Chris Wong, Suzanne Schwartz, Joe Grossman and Katie Elder The winners of the 2009 Washington Post Hunt were David Shahoulian, Emma Filstrup, Serena Hoy, Jim Reilly, Jenny Hunter, and Tom Jawetz The winners of
6100-588: The 2013 Washington Post Hunt was solo participant Sean Memon The winners of the 2012 Washington Post Hunt were: Phil Spector, 35, of Washington; Sabita Soneji, 35, of Washington; John Mackedon, 34, of Washington; Mark Cackler, 57, of Falls Church; Timothy Bouley, 31, of Washington; Madalina Cristoloveanu, 31, of Washington; Ebony Sunala Johnson of Maryland; Kris White, 29, of Washington; Sean Sharifi, 30, of Vienna; Nicole Mechem, 32, of Washington; Damon Taaffe, 35, of Arlington; Alva Kretschmer, 27, of Washington; Patricia Van de Velde, 27, of Washington The winners of
6222-400: The 43rd spot on the ranking from 68th. After a rumor broke out that Amazon was developing a smartphone , Bezos's net worth rose to $ 30.5 billion in 2014. A year later, he entered the top ten when he increased his net worth to a total of $ 50.3 billion. Bezos rose to become the fifth richest person in the world hours before market close ; he gained $ 7 billion in one hour. By
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#17327831874556344-518: The Federal Reserve . He had bid anonymously, and was prepared to go up to $ 2 million, far higher than the other bidders. These included William Randolph Hearst , who had long hoped to shut down the ailing Post to benefit his own Washington newspaper presence. The Post 's health and reputation were restored under Meyer's ownership. In 1946, he was succeeded as publisher by his son-in-law, Philip Graham . Meyer eventually gained
6466-436: The Hunt area. Solving the five Hunt puzzles—the answer is always a number—indicates the five authentic clues on a list of dozens of numbered bogus clues. Hunters have three hours to solve the puzzles, then at 3 p.m., a sixth and final clue is announced from the main stage. This begins the "endgame", which is by far the most difficult puzzle of the day. Solving the endgame often leads to a phone number , or directs Hunters to go to
6588-473: The Internet" than anyone else. Bezos has been characterized as a notoriously opportunistic CEO who operates with little concern for obstacles and externalities . During the early 2010s, Bezos solidified his reputation for aggressive business practices, and his public image began to shift. Bezos started to wear tailored clothing ; he weight trained , pursued a regimented diet and began to freely spend his money. His physical transformation has been compared to
6710-706: The Kennedys, the Bradlees and the rest of the " Georgetown Set", including many Harvard University alumni that would color the Post's political orientation. Kay Graham's most memorable Georgetown soirée guest list included British diplomat and communist spy Donald Maclean . The Post is credited with coining the term " McCarthyism " in a 1950 editorial cartoon by Herbert Block . Depicting buckets of tar, it made fun of Sen. Joseph McCarthy 's "tarring" tactics, i.e., smear campaigns and character assassination against those targeted by his accusations. Sen. McCarthy
6832-650: The President's negative comments; this reduced Bezos's personal wealth by $ 10.7 billion. Weeks later, Bezos recouped his losses when academic reports out of Stanford University indicated that Trump could do little to regulate Amazon in any meaningful way. During July 2018, a number of members of the U.S. Congress called on Bezos to detail the applications of Amazon's face recognition software, Rekognition . Criticism of Amazon's business practices continued in September 2018 when Senator Bernie Sanders introduced
6954-659: The Seattle Museum of History and Industry and the Bezos Center for Neural Circuit Dynamics at Princeton Neuroscience Institute . In 2013, Bezos Expeditions funded the recovery of two Saturn V first-stage Rocketdyne F-1 engines from the floor of the Atlantic Ocean. They were positively identified as belonging to the Apollo 11 mission's S-1C stage from July 1969. The engines are currently on display at
7076-616: The Stop Bad Employers by Zeroing Out Subsidies (Stop BEZOS) Act and accused Amazon of receiving corporate welfare . This followed revelations by the non-profit group New Food Economy which found that one third of Amazon workers in Arizona , and one tenth of Amazon workers in Pennsylvania and Ohio , relied on food stamps. While preparing to introduce the bill, Sanders opined: "Instead of attempting to explore Mars or go to
7198-542: The Style section the rest of the week, as well as online. In 1975, the pressmen's union went on strike . The Post hired replacement workers to replace the pressmen's union, and other unions returned to work in February 1976. Donald E. Graham , Katharine's son, succeeded her as a publisher in 1979. In 1995, the domain name washingtonpost.com was purchased. That same year, a failed effort to create an online news repository called Digital Ink launched. The following year it
7320-503: The U.S. Post journalists have received 18 Nieman Fellowships and 368 White House News Photographers Association awards. The paper is well known for its political reporting and is one of the few remaining American newspapers to operate foreign bureaus , with international breaking news hubs in London and Seoul . The Washington Post is regarded as one of the leading daily American newspapers along with The New York Times ,
7442-558: The United States. In her autobiography, Katharine Graham described her own anxiety and lack of confidence when she stepped into a leadership role. She served as publisher from 1969 to 1979. Graham took The Washington Post Company public on June 15, 1971, in the midst of the Pentagon Papers controversy. A total of 1,294,000 shares were offered to the public at $ 26 per share. By the end of Graham's tenure as CEO in 1991,
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#17327831874557564-625: The Vietnam War in 1971 when it published the Pentagon Papers . In the mid-1970s, some conservatives referred to the Post as " Pravda on the Potomac " because of its perceived left-wing bias in both reporting and editorials. Since then, the appellation has been used by both liberal and conservative critics of the newspaper. In the PBS documentary Buying the War , journalist Bill Moyers said in
7686-528: The War. In 1902, Berryman published another famous cartoon in the Post – Drawing the Line in Mississippi . This cartoon depicts President Theodore Roosevelt showing compassion for a small bear cub and inspired New York store owner Morris Michtom to create the teddy bear. Wilkins acquired Hatton's share of the newspaper in 1894 at Hatton's death. After Wilkins' death in 1903, his sons John and Robert ran
7808-474: The acquisition. The combined newspaper was published from the Globe Building as The Washington Post and Union beginning on April 15, 1878, with a circulation of 13,000. The Post and Union name was used about two weeks until April 29, 1878, returning to the original masthead the following day. In 1889, Hutchins sold the newspaper to Frank Hatton , a former Postmaster General, and Beriah Wilkins ,
7930-477: The appointment of two white men to top editorial positions have sparked internal discontent, particularly given the lack of consideration for the Post's senior female editors. Additionally, Lewis' proposed division for social media and service journalism has met with resistance from staff. Recent reports alleging Lewis' attempts to influence editorial decisions, including pressuring NPR 's media correspondent to drop
8052-457: The area and asked Ted to discontinue contact, to which he agreed. After Mike had received his degree from the University of New Mexico , the family moved to Houston, Texas , so that he could begin working as an engineer for Exxon . Jeff attended River Oaks Elementary School in Houston from fourth to sixth grade. Jeff's maternal grandfather was Lawrence Preston Gise, a regional director of
8174-623: The books, and negotiating the company's first freight contracts—the foundation was laid for this garage-run operation to grow exponentially. Prior to settling in Seattle, Bezos had investigated setting up his company at an Indian reservation near San Francisco in order to avoid paying taxes. Bezos initially named his new company Cadabra but later changed the name to Amazon after the Amazon River in South America, in part because
8296-470: The closure of three U.S. regional bureaus in Chicago , Los Angeles and New York City , as part of an increased focus on Washington, D.C. –based political stories and local news. The newspaper has local bureaus in Maryland (Annapolis, Montgomery County, Prince George's County, and Southern Maryland) and Virginia (Alexandria, Fairfax, Loudoun County, Richmond, and Prince William County). As of March 2023,
8418-481: The companies targeted by his proposal have placed an increased focus on part-time workers to escape benefit obligations. On October 2, 2018, Bezos announced a company-wide wage increase, which Sanders applauded. The American workers who were being paid the minimum wage had this increased to $ 15 per hour, a decision that was interpreted as support for the Fight for $ 15 movement. In February 2021, Bezos announced that in
8540-497: The company nearly went bankrupt, he closed distribution centers and laid off 14% of the Amazon workforce. In 2003, Amazon rebounded from financial instability and turned a profit of $ 35 million. In November 2007, Bezos launched the Amazon Kindle . According to a 2008 Time profile, Bezos wished to create a device that allowed a " flow state " in reading similar to the experience of video games. In 2013, Bezos secured
8662-400: The earth and see it turned into a huge national park". After graduating from high school in 1982, Bezos attended Princeton University. He initially majored in physics but later switched to electrical engineering and computer science. On 13 September 2018, during a talk at The Economic Club of Washington, D.C. , Bezos revealed that his classmate at Princeton Yasantha Rajakarunanayake who
8784-510: The economic development (in GDP terms) of more than 96 countries around the world. During March 9, Bezos earned $ 230,000 every 60 seconds. The Motley Fool estimated that if Bezos had not sold any of his shares from its original public offering in 1997, his net worth would sit at $ 181 billion in 2018. According to Quartz , his net worth of $ 150 billion in July 2018 was enough to purchase
8906-516: The email address jeff@amazon.com as an outlet for customers to reach out to him and the company. Although he does not respond to the emails, he forwards some of them with a question mark in the subject line to executives, who then attempt to address the issues. Bezos has cited Jeff Immelt of New Enterprise Associates , Warren Buffett of Berkshire Hathaway , Jamie Dimon of JPMorgan Chase , and Bob Iger of The Walt Disney Company as major influences on his leadership style. Bezos first became
9028-400: The end of 2020 and was set to lose $ 100 million in 2023, according to The New York Times . The layoffs prompted Dan Froomkin of Presswatchers to suggest that the decline in readership could be reversed by focusing on the rise of authoritarianism (in a fashion similar to the role the Post played during the Watergate scandal ) instead of staying strictly neutral, which Froomkin says places
9150-426: The entire company revenue stream. Executive editor Ben Bradlee put the newspaper's reputation and resources behind reporters Bob Woodward and Carl Bernstein , who, in a long series of articles, chipped away at the story behind the 1972 burglary of Democratic National Committee offices in the Watergate complex in Washington. The Post 's dogged coverage of the story, the outcome of which ultimately played
9272-454: The entire stock markets of Nigeria , Hungary , Egypt , Luxembourg , and Iran . Following the report by Quartz , Amazon workers in Poland , (Germany), and Spain participated in demonstrations and labor strikes to draw attention to his growing wealth and the lack of compensation, labor rights, and satisfactory working conditions of select Amazon workers. On July 17, 2018, he was designated
9394-596: The first time on November 24, 2017, and he was formally designated the wealthiest person in the world by Forbes on March 6, 2018, with a net worth of $ 112 billion. In March 2018, Bezos dispatched Amit Agarwal, Amazon's global senior vice president, to India with $ 5.5 billion to localize operations throughout the company's supply chain routes. Later in the month, U.S. President Donald Trump accused Amazon and Bezos, specifically, of sales tax avoidance, misusing postal routes , and anti-competitive business practices. Amazon's share price fell by 9% in response to
9516-550: The following year, dropping 66.6% to $ 2.0 billion. He lost $ 500 million the following year, which brought his net worth down to $ 1.5 billion. The following year, his net worth increased by 66.66% to $ 2.5 billion. From 2005 to 2007, he quadrupled his net worth to $ 8.7 billion. After the financial crisis and succeeding economic recession , his net worth would decrease to $ 6.8 billion—a 17.7% drop. His wealth rose by 85.2% in 2010, leaving him with $ 12.6 billion. This percentage increase ascended him to
9638-528: The form of dividends . Bezos uses the term "work–life harmony" instead of the more standard " work–life balance " because he believes that balance implies that you can only have one and not the other. He believes that work and home life are interconnected, informing and calibrating each other. Journalist Walt Mossberg dubbed the idea that someone who cannot tolerate criticism or critique should not do anything new or interesting " The Bezos Principle ". Bezos does not schedule early morning meetings and enforces
9760-931: The impact of blogs on American politics, liberal bloggers link to The Washington Post and The New York Times more often than other major newspapers; however, conservative bloggers also link predominantly to liberal newspapers. Since 2011, the Post has been running a column called "The Fact Checker" that the Post describes as a "truth squad". The Fact Checker received a $ 250,000 grant from Google News Initiative /YouTube to expand production of video fact checks . In mid-September 2016, Matthew Ingram of Forbes joined Glenn Greenwald of The Intercept , and Trevor Timm of The Guardian in criticizing The Washington Post for "demanding that [former National Security Agency contractor Edward] Snowden ... stand trial on espionage charges". Jeff Bezos Jeffrey Preston Bezos ( / ˈ b eɪ z oʊ s / BAY -zohss ; né Jorgensen ; born January 12, 1964)
9882-588: The last laugh over Hearst, who had owned the old Washington Times and the Herald before their 1939 merger that formed the Times-Herald . This was in turn bought by and merged into the Post in 1954. The combined paper was officially named The Washington Post and Times-Herald until 1973, although the Times-Herald portion of the nameplate became less and less prominent over time. The merger left
10004-556: The late 2010s, Bezos reversed his reputation for being reluctant to spend money on non-business-related expenses. His relative lack of philanthropy compared to other billionaires has drawn a negative response from the public since 2016. Bezos has been known to publicly contest claims made in critical articles, as exemplified in 2015 when he sent a memo to employees denouncing a New York Times piece. Day 1: start up Day 2: stasis Day 3: irrelevance Day 4: "excruciating, painful decline" Day 5: death Bezos has stated "it
10126-510: The major American newspaper The Washington Post in 2013 for $ 250 million and manages many other investments through his venture capital firm, Bezos Expeditions . In September 2021, Bezos co-founded Altos Labs with Mail.ru founder Yuri Milner . The first centibillionaire on the Forbes Real Time Billionaires Index and the second ever to have eclipsed the feat since Bill Gates in 1999, Bezos
10248-497: The moon, how about Jeff Bezos pays his workers a living wage?" He later said: "Bezos could play a profound role. If he said today, nobody who is employed at Amazon will receive less than a living wage, it would send a message to every corporation in America." Sanders's efforts elicited a response from Amazon which pointed to the 130,000 jobs it created in 2017 and called the $ 28,446 figure for its median salary "misleading" as it included part-time workers. However, Sanders countered that
10370-498: The name begins with the letter A , which is at the beginning of the alphabet. At the time, website listings were alphabetized, so a name starting with "A" would appear sooner when customers conducted online searches. In addition, he regarded "Amazon," the name of the world's largest river as fitting for what he hoped would become the world's largest online bookstore. He accepted an estimated $ 300,000 from his parents as an investment in Amazon. He warned many early investors that there
10492-502: The negative costs associated with business-related pollution . In December 2017, New Shepard successfully flew and landed dummy passengers , amending and pushing its human space travel start date into late 2018. To execute this program, Blue Origin built six of the vehicles to support all phases of testing and operations: no-passenger test flights, flights with test passengers, and commercial-passenger weekly operations. Since 2016, Bezos has spoken more freely about his hopes to colonize
10614-526: The new President Lyndon B. Johnson , "I don't have much influence with the Post because I frankly don't read it. I view it like the Daily Worker ." Ben Bradlee became the editor-in-chief in 1968, and Kay Graham officially became the publisher in 1969, paving the way for the aggressive reporting of the Pentagon Papers and Watergate scandals . The Post strengthened public opposition to
10736-719: The newspaper as a media and technology company by reconstructing its digital media, mobile platforms, and analytics software. After a surge in online readership in 2016, the paper was profitable for the first time since Bezos made the purchase in 2013. Bezos makes personal investments through his venture capital vehicle, Bezos Expeditions. He was one of the first shareholders in Google, when he invested $ 250,000 in 1998. That $ 250,000 investment resulted in 3.3 million shares of Google stock, worth about $ 3.1 billion in 2017. He also invested in Unity Biotechnology ,
10858-458: The newspaper in a trust, having little faith that his playboy son Edward "Ned" McLean could manage it as part of his inheritance. Ned went to court and broke the trust, but, under his management, the newspaper slumped toward ruin. He bled the paper for his lavish lifestyle and used it to promote political agendas. During the Red Summer of 1919 the Post supported the white mobs and even ran
10980-555: The newspaper moved to a building at 14th and E streets NW, where it would remain until 1950. This building combined all functions of the newspaper into one headquarters – newsroom, advertising, typesetting, and printing – that ran 24 hours per day. In 1898, during the Spanish–American War , the Post printed Clifford K. Berryman 's classic illustration Remember the Maine , which became the battle-cry for American sailors during
11102-402: The newspaper's coverage during the run-up to the 2008 presidential election , former Post ombudsman Deborah Howell wrote: "The opinion pages have strong conservative voices; the editorial board includes centrists and conservatives; and there were editorials critical of Obama. Yet opinion was still weighted toward Obama." According to a 2009 Oxford University Press book by Richard Davis on
11224-653: The office. Throughout his early years of ownership of The Washington Post , Bezos was accused of having a potential conflict of interest with the paper. Bezos and the newspaper's editorial board have dismissed accusations that he unfairly controlled the paper's content, and Bezos maintains that the paper is independent. Bezos' treatment of employees at The Washington Post has also drawn scrutiny. In 2018, more than 400 Washington Post employees wrote an open letter to Bezos criticizing his poor wages and benefits for his employees. The letter demanded "Fair wages; fair benefits for retirement, family leave and health care; and
11346-626: The online sale of music and video, and by the end of the year he had expanded the company's products to include a variety of other consumer goods . Bezos used the $ 54 million raised during the company's 1997 equity offering to finance the aggressive acquisition of smaller competitors. In 2000, Bezos borrowed $ 2 billion from banks, as its cash balances dipped to only $ 350 million. In 2002, Bezos led Amazon to launch Amazon Web Services , which compiled data from weather channels and website traffic . In late 2002, rapid spending from Amazon caused it financial distress when revenues stagnated. After
11468-433: The organization would embrace artificial intelligence to improve the paper's financial situation, telling staff it would seek "AI everywhere in our newsroom." In June 2024, Axios reported the Post faced significant internal turmoil and financial challenges. The new CEO, Lewis, has already generated controversy with his leadership style and proposed restructuring plans. The abrupt departure of executive editor Buzbee and
11590-420: The paper into an undistinguished secondary role in competition with other contemporary media. As part of the shift in tone, in 2023 the paper closed down the "KidsPost" column for children, the "Skywatch" astronomy column, and the "John Kelly's Washington" column about local history and sights, which had been running under different bylines since 1947. In May 2024, CEO and publisher William Lewis announced that
11712-465: The position shortly thereafter. In 1933, financier Eugene Meyer bought the bankrupt Post , and assured the public that neither he nor the newspaper would be beholden to any political party. But as a leading Republican who had been appointed Chairman of the Federal Reserve by Herbert Hoover in 1930, his opposition to Roosevelt 's New Deal colored the paper's editorials and news coverage, including editorializing news stories written by Meyer under
11834-402: The previous year. His wealth's rapid growth from 2016 to 2017 sparked a variety of assessments about how much money Bezos earned on a controlled, reduced time scale. On October 10, 2017, he made an estimated $ 6.24 billion in 5 minutes, slightly less than the then annual gross domestic product of Kyrgyzstan . On March 6, 2018, Bezos was designated the wealthiest person in the world , with
11956-433: The solar system , and has been selling US$ 1 billion in Amazon stock each year to capitalize Blue Origin in an effort to support this endeavor. In May 2018, Bezos maintained that the primary goal of Blue Origin is to preserve the natural resources of Earth by making the human species multi-planetary . He announced that New Shepard would begin transporting humans into sub-orbital space by November 2018. In July 2018, it
12078-417: The stock was worth $ 888 per share, not counting the effect of an intermediate 4:1 stock split. Graham also oversaw the Post company's diversification purchase of the for-profit education and training company Kaplan, Inc. for $ 40 million in 1984. Twenty years later, Kaplan had surpassed the Post newspaper as the company's leading contributor to income, and by 2010 Kaplan accounted for more than 60% of
12200-563: The suggestion of his friend, Don Graham . To execute the sale, he established limited liability company Nash Holdings to serve as a holding company through which he would own the newspaper. The sale closed on October 1, 2013, and Nash Holdings took control. In March 2014, Bezos made his first significant change at The Washington Post and lifted the online paywall for subscribers of a number of U.S. local newspapers in Texas , Hawaii, and Minnesota . In January 2016, Bezos set out to reinvent
12322-818: The third-richest woman in the world. Bezos retained his interest in The Washington Post and Blue Origin, as well as voting control of the shares received by his ex-wife. In June 2019, Bezos purchased three adjoining apartments overlooking Madison Square Park in Manhattan , including a penthouse , for a combined total of US$ 80 million, making this one of the most expensive real estate purchases within New York City in 2019. Bezos had also purchased three adjoining apartments at 25 Central Park West in Manhattan for $ 7.65 million in 1999; he bought
12444-586: The time the Forbes list was calculated in March 2016, his net worth was registered at $ 45.2 billion. However, just months later in October 2016, his wealth increased by $ 16.2 billion to $ 66.5 billion, unofficially ranking him the third-richest person in the world, behind Warren Buffett . After sporadic jumps in Amazon's share price, in July 2017 he briefly unseated Microsoft co-founder Bill Gates as
12566-455: The transformation of Amazon; he is often referred to as the metonym of the company. Since 2017, he has been portrayed by Kyle Mooney and Steve Carell on Saturday Night Live , usually as an undercutting, domineering figure. His physical appearance increased the public's perception of him as a symbolically dominant figure in business and in popular culture, wherein he has been parodied as an enterprising supervillain . In May 2014,
12688-572: The war, while contrary information got lost". On March 23, 2007, Chris Matthews said on his television program, " The Washington Post is not the liberal newspaper it was [...] I have been reading it for years and it is a neocon newspaper". It has regularly published a mixture of op-ed columnists, with some of them left-leaning (including E. J. Dionne , Dana Milbank , Greg Sargent, and Eugene Robinson ), and some of them right-leaning (including George Will , Marc Thiessen , Michael Gerson and Charles Krauthammer ). Responding to criticism of
12810-426: The wealthiest person in the world. Bezos would continue to sporadically surpass Gates throughout the month of October 2017 after Amazon's share price fluctuated. His net worth surpassed $ 100 billion for the first time on November 24, 2017, after Amazon's share price increased by more than 2.5%. When the 2017 list was issued, Bezos's net worth was registered at $ 72.8 billion, adding $ 27.6 billion from
12932-570: The west tower of One Franklin Square , a high-rise building at 1301 K Street NW in Washington, D.C. Mary Jordan was the founding editor, head of content, and moderator for Washington Post Live , The Post's editorial events business, which organizes political debates, conferences and news events for the media company, including "The 40th Anniversary of Watergate" in June 2012 that featured key Watergate figures including former White House counsel John Dean , Washington Post editor Ben Bradlee , and reporters Bob Woodward and Carl Bernstein , which
13054-547: The year prior to the Iraq War there were 27 editorials supporting the Bush administration 's desire to invade Iraq. National security correspondent Walter Pincus reported that he had been ordered to cease his reports that were critical of the administration. According to author and journalist Greg Mitchell : "By the Post 's own admission, in the months before the war, it ran more than 140 stories on its front page promoting
13176-513: Was a 70% chance that Amazon would fail or go bankrupt. Although Amazon was originally an online bookstore, Bezos had always planned to expand to other products. Three years after Bezos founded Amazon, he took it public with an initial public offering (IPO). In response to critical reports from Fortune and Barron's , Bezos maintained that the growth of the Internet would overtake competition from larger book retailers such as Borders and Barnes & Noble . In 1998, Bezos diversified into
13298-676: Was announced that Bezos had priced commercial spaceflight tickets from $ 200,000 to $ 300,000 per person. On July 20, 2021, he launched on the NS-16 mission with his half-brother Mark Bezos, Wally Funk , and Oliver Daemen . He launched nine days after Richard Branson launched on board the Virgin Galactic Unity 22 mission. Bezos's suborbital flight lasted over 10 minutes, reaching a peak altitude of 66.5 miles (107.0 km). On August 5, 2013, Bezos announced his purchase of The Washington Post for $ 250 million in cash, at
13420-906: Was attempting to do for the Senate what the House Un-American Activities Committee had been doing for years—investigating Soviet espionage in America . The HUAC made Richard Nixon nationally known for his role in the Hiss / Chambers case that exposed communist spying in the State Department . The committee had evolved from the McCormack - Dickstein Committee of the 1930s. Phil Graham's friendship with John F. Kennedy remained strong until their deaths in 1963. FBI Director J. Edgar Hoover reportedly told
13542-491: Was born on January 12, 1964, in Albuquerque, New Mexico , as the son of Jacklyn (née Gise) and Ted Jorgensen . At the time of Jeff's birth, his mother was a 17-year-old high-school student and his father was 19. Ted was a Danish American unicyclist born in Chicago to a family of Baptists. After completing high school despite challenging conditions, Jacklyn attended night school, bringing her baby with her. Jeff attended
13664-420: Was characterized as trying to quantify all aspects of running the company, often listing employees on spreadsheets and basing executive decisions on data. To push Amazon forward, Bezos developed the mantra "Get Big Fast", establishing the company's need to scale its operations to produce market dominance. He favored diverting Amazon profits back into the company in lieu of allocating it amongst shareholders in
13786-485: Was continued by his successors Katharine and Phil Graham , Meyer's daughter and son-in-law, respectively, who bought out several rival publications. The Post 's 1971 printing of the Pentagon Papers helped spur opposition to the Vietnam War . Reporters Bob Woodward and Carl Bernstein led the investigation into the break-in at the Democratic National Committee , which developed into
13908-410: Was detailed by Alan Deutschman, who described him as "talking in lists" and "[enumerating] the criteria, in order of importance, for every decision he has made." Select accounts of his persona have drawn controversy and public attention. Notably, journalist Brad Stone wrote a book that described Bezos as a demanding boss as well as hyper-competitive , and opined that Bezos perhaps "bet the biggest on
14030-552: Was featured in Amazon's Super Bowl commercial . On February 1, 2018, Amazon reported its highest ever profit with quarterly earnings of $ 2 billion. Due to the growth of Alibaba in China, Bezos has often expressed interest in expanding Amazon into India . On July 27, 2017, Bezos momentarily became the world's wealthiest person over Microsoft co-founder Bill Gates when his estimated net worth increased to just over $ 90 billion. His wealth surpassed $ 100 billion for
14152-407: Was founded in 1877 by Stilson Hutchins (1838–1912); in 1880, it added a Sunday edition, becoming the city's first newspaper to publish seven days a week. In April 1878, about four months into publication, The Washington Post purchased The Washington Union , a competing newspaper which was founded by John Lynch in late 1877. The Union had only been in operation about six months at the time of
14274-505: Was growing at a rate of 2300% a year and eventually decided to establish an online bookstore . He and his then-wife, MacKenzie Scott , left their jobs at D. E. Shaw and founded Amazon in a rented garage in Bellevue , Washington on July 5, 1994, after writing its business plan on a cross-country drive from New York City to Seattle . With Bezos at the helm and Scott taking an integral role in its operation—writing checks, keeping track of
14396-525: Was held at the Watergate hotel. Regular hosts include Frances Stead Sellers . Lois Romano was formerly the editor of Washington Post Live . The Post has its own exclusive Zip Code , 20071. Arc XP is a department of The Washington Post , which provides a publishing system and software for news organizations such as the Chicago Tribune and the Los Angeles Times . The newspaper
14518-483: Was named the "richest man in modern history" after his net worth increased to $ 150 billion in July 2018. In August 2020, according to Forbes , he had a net worth exceeding $ 200 billion. On July 5, 2021, Bezos stepped down as the CEO and president of Amazon and took over the role of executive chairman. Amazon Web Services CEO Andy Jassy succeeded Bezos as the CEO and president of Amazon. Jeffrey Preston Jorgensen
14640-662: Was of Sri Lankan origin, some 30 years ago had defeated him to solve a mathematical problem and as a result, Bezos himself admitted that he gave up his dreams of becoming a theoretical physicist. Bezos was a member of the Quadrangle Club , one of Princeton's 11 eating clubs . In addition, he was the president of the Princeton chapter of the Students for the Exploration and Development of Space (SEDS). He had
14762-400: Was renamed Graham Holdings shortly after the sale. Nash Holdings, which includes the Post , is operated separately from technology company Amazon , which Bezos founded and where he is as of 2022 executive chairman and the largest single shareholder, with 12.7% of voting rights. Bezos said he has a vision that recreates "the 'daily ritual' of reading the Post as a bundle, not merely
14884-410: Was shut down and the first website was launched in June 1996. In August 2013, Jeff Bezos purchased The Washington Post and other local publications, websites, and real estate for US$ 250 million , transferring ownership to Nash Holdings LLC, Bezos's private investment company. The paper's former parent company, which retained some other assets such as Kaplan and a group of TV stations,
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