Dive Summary:

• Amazon.com founder Jeffrey P. Bezos will purchase controlling interest of the leading publication in the U.S. capital, The Washington Post.
• Bezos will not be taking part in the day-to-day management of the company. The deal between the two sides is worth a reportedly $250 million, and includes several other Washington, D.C. area newspapers.
• "I am happily living in 'the other Washington' where I have a day job that I love. Besides that, The Post already has an excellent leadership team that knows much more about the news business than I do, and I’m extremely grateful to them for agreeing to stay on,” said Bezos.

From the article:

“There will of course be change at The Post over the coming years. That’s essential and would have happened with or without new ownership. The Internet is transforming almost every element of the news business: shortening news cycles, eroding long-reliable revenue sources, and enabling new kinds of competition, some of which bear little or no news-gathering costs…”