City Desk

The Needle: Post-Post Co. Edition

The Post With the Most: Amazon founder Jeff Bezos will buy the cash-strapped Washington Post and several smaller media properties from their owners, the Graham family-controlled Washington Post Co. Which, in the minus column, means that a local institution will no longer be locally owned. On the plus side, the move places a paper that has stumbled through the Internet age—despite its mixed, and lately more sophisticated, digital strategy—in the hands of one of the world's best-known and richest tech entrepreneurs. And so we wait and see. -5/+5

Katharine the Last: Today's Post news means this New York Times Style section piece on Post publisher Karathine Weymouth feels particularly poorly timed, especially since the article doubles as a meditation on the decades-long stewardship of the Graham family, of which Weymouth is the latest scion. -1

Sale Flail: The Post's story on its own sale notes, ironically, that "Few people were aware that a sale was in the works for the paper, whose reporters have broken such stories as the Watergate scandals and, in May, disclosures about the National Security Agency’s surveillance program." Yup, they definitely look surprised. +1

Post-15th: The Post sale does not include its building at 15th and L streets NW, which is currently up for sale. The Post's Jonathan O'Connell reports that the paper received around two dozen proposals from developers, with many of the sites in NoMa and the Capital Riverfront. +2

Friday's Needle rating: 60 Today's score: +3 Today's Needle rating: 63

Blog Widget by LinkWithin
...