My Twitter stream exploded with the news that Jeff Bezos of Amazon is buying the Washington Post for $250 million. This comes on the heels of the transaction that sent the Boston Globe to the owner of the Boston Red Sox for a mere $70 million. Mediagazer has perhaps the most complete collection of links about the Bezos transaction.
Why on earth would you buy a newspaper? Perhaps to make money, perhaps to spend money, perhaps to have the outsized megaphone that a news organization still offers you in this the late age of print. Everyone will be watching the Post's digital operations to see how it changes over time to incorporate the things that Bezos learned from tipping the book world upside down with the Kindle.