Jeff Bezos Pens Open Letter to Washington Post Staff
I’m still stunned by the news today that Jeff Bezos, founder of Amazon and publishing’s chosen foe, has bought The Washington Post Company. And while I am like many others in wondering what he plans to do with the venerable newspaper, I think we can probably draw a few hints from the open letter that was published this afternoon on the Washington Post website.
In the letter he promises not to change the core values of the paper, but he also notes that changes will have to happen. Traditional revenue sources are drying up, the old ways are changing, and the newspaper needs to experiment with new ideas in order to prosper. Here’s the letter, in full:
To the employees of The Washington Post:
You’ll have heard the news, and many of you will greet it with a degree of apprehension. When a single family owns a company for many decades, and when that family acts for all those decades in good faith, in a principled manner, in good times and in rough times, as stewards of important values – when that family has done such a good job – it is only natural to worry about change.
Journalism plays a critical role in a free society, and The Washington Post — as the hometown paper of the capital city of the United States — is especially important. I would highlight two kinds of courage the Grahams have shown as owners that I hope to channel. The first is the courage to say wait, be sure, slow down, get another source. Real people and their reputations, livelihoods and families are at stake. The second is the courage to say follow the story, no matter the cost. While I hope no one ever threatens to put one of my body parts through a wringer, if they do, thanks to Mrs. Graham’s example, I’ll be ready.
I want to say one last thing that’s really not about the paper or this change in ownership. I have had the great pleasure of getting to know Don very well over the last ten plus years. I do not know a finer man.
Oh My God August 6, 2013 um 12:58 am
A great date for Nate.
Your hero controls the world.
Nate Hoffelder August 6, 2013 um 7:22 am
Do you know what’s sad?
It’s not that you are clearly a troll, but that you are a boring troll. You can’t even rise to the level of being annoying, offensive, or clever.
Oh My God August 6, 2013 um 7:31 am
I was just thinking how wrong you are about everything.
In the 80s the online world was dominated by Compuserve, Source, MCI, Prodigy, AppleLink.
Where are they now?
Same place kindle will be before you know it.
Enjoy the moment because for your hero, it’s all down hill from here.
Nate Hoffelder August 6, 2013 um 8:02 am
So you’re saying that because something will be replaced tomorrow we should not respect the accomplishment today? I don’t see what one has to do with the other.
And I never said Bezos was my hero. That’s something you came up with in your trolling.
Oh My God August 6, 2013 um 8:13 am
My interpretation is that Bezos is your hero.
I am not on a mission to disrespect Amazon (maybe Kindle).
Ben August 6, 2013 um 8:43 am
Bezos will not wait for changes to come to him. 250 million is nothing to him but if he runs the newspaper to the ground, you’ll lose more than just money. I get the feeling job cuts are coming soon and changes even sooner. Here’s a guy following Jobs footsteps closely when it comes to applying tech to every day lives. Bezos is one of those leaders that enjoys changing and solving problems. If nothing else, Bezos understands internet commerce well, this should help The Post to innovate beyond paywall system.
fjtorres August 6, 2013 um 1:00 pm
Bezos already said he is not changing the management team, direction, or culture.
The WP was losing relatively little money *before* puting up the paywall two months ago so the odds are they are a breakeven operation right now.
Odds are he’ll do nothing for at least a year.
flyingtoastr August 6, 2013 um 3:04 pm
How you can tell you didn’t read the article:
"There will, of course, be change at The Post over the coming years. "
Then again, baldy is used to running companies that can’t turn a profit.
fjtorres August 6, 2013 um 5:07 pm
I’ve only read everything at the WP itself.
He’s leaving the current management in place so he’s not doing anything for a while. At least until he can see if Patty Stonesipher is interested in running it for him.
Paul August 6, 2013 um 4:28 pm
Technically he didn’t buy the Washington Post Company, he bought the newspapers and the printing press. Washington Post Company still owns the building, Slate, Foreign Policy magazine, and Kaplan.
Nate Hoffelder August 6, 2013 um 10:44 pm
Whoops. I misread the article. Thanks!
Kevin August 7, 2013 um 7:21 am
Suppose he put all the Washington Post into a format that could be purchased for reading each day on the Kindle. Or simply sent out automatically with ads to all Kindle owners. Amazon and the WP, both partly owned by Bezos, would be very happy. Seems to me there is a lot of synergy possible with this deal.
Oh My God August 7, 2013 um 7:25 am
This ought to put a spike into Holder’s Apple wet dream.
willem August 8, 2013 um 10:14 am
Comment on this has been rather poor, and divides along the love/hate Amazon groups. The one exception I’ve found is the fascinating one by Noah Millman at:
Worth reading just for a plausible explanation of why newspapers are in trouble and what might possibly save them, if anything can.