Memo From Jeff Bezos on Washington Post Sale
Amazon.com Inc. founder Jeff Bezos is buying The Washington Post. Here's a memo Bezos sent to staff on Monday.
"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.
"So, let me start with something critical. The values of The Post do not need changing. The paper's duty will remain to its readers and not to the private interests of its owners. We will continue to follow the truth wherever it leads, and we'll work hard not to make mistakes. When we do, we will own up to them quickly and completely.
"I won't be leading The Washington Post day-to-day. 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.
"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.
-snip-
Full memo here:
http://www.nytimes.com/aponline/2013/08/05/us/ap-us-washington-post-bezos-bezos-memo.html?hp
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