Around the town
Leave it to Bezos
Jeff Bezos told 60 Minutes that Amazon will use drones to deliver packages. ( Read More
Around the town
Betabeat has long harbored a not-so-secret suspicion that Jeff Bezos might actually be Lex Luthor. Well, fire up your word processor and get ready to write some crossover fanfic, because a new profile in Bloomberg Businessweek, excerpted from a coming book by writer Brad Stone, essentially confirms at least one major overlap: Jeff Bezos loves pitching a good fit at his henchmen.
Apparently some of his employees call his angry fits “nutters.” Take this anecdote of his response to a poorly planned-out update: “He called me a ‘complete f------ idiot’ and said he had no idea why he hired idiots like me at the company, and said, ‘I need you to clean up your organization.”
off the record
Jeff Bezos gave his first interview since deciding to buy The Washington Post to, naturally, The Washington Post. The Amazon founder ”says he doesn’t have all the answers for what’s ailing the newspaper industry or for the financially challenged news organization he is preparing to buy. But he says he’s eager to start asking questions and conducting experiments in the quest for a new ‘golden era’ at The Post.” (The Washington Post)
Politico’s Mike Allen is the most followed journalist among members of Congress, both Republican and Democrat. ( Read More
Around the town
Almost as surprising as news of Jeff Bezos’s $250 million purchase of the The Washington Post was the fact that both sides kept the deal under wraps for months without a leak.
Few in the media world even knew that the Post, which has been owned by the Graham family for four generations, was up for sale—even as the paper was quietly peddled to several possible investors.
In The Washington Post’s first of many articles on the deal, Donald Graham, the Post Co.’s chief executive, said that several months ago he had hired investment firm Allen & Co. “to shop the paper” around “with extraordinary secrecy.”
This roundup might be a little top-heavy today, but it’s not every week that Jeff Bezos buys The Washington Post.
To start: the front-page headlines of The New York Times and the Post, respectively. (Newseum/Newseum)
Post associate editor Bob Woodward thinks the sale is “very sad,” but added: “I think in some ways, this Read More
Amazon CEO Jeff Bezos is famous for changing the way we shop for books (and a lot of other stuff), shaking up entire industries in the process. He’s less well known for “The 10,000 Year Clock,” the 200-foot-tall clock designed to outlast human civilization, into which he’s sunk $42 M., according to the Wall Street Read More
Startups are recruiting aggressively in New York, and local engineers must have a hard time choosing.
Pressure to make the right bet is high.
Etsy or Tumblr? GroupMe or Gilt Groupe?
What if you pass on the next Facebook in favor of the next… we don’t know. MyKinda?
Here’s an apparently legitimate Read More
“I predict we will surpass paperback sales sometime in the next nine to 12 months. Sometime after that, we’ll surpass the combination of paperback and hardcover. It stuns me. People forget that Kindle is only 33 months old. “
—Amazon CEO Jeff Bezos in an interview with USA Today. Meanwhile, Read More
Jeff Bezos thinks about customers, and innovation.
He tells Fortune:
When I wake up every morning, during my shower time, what I’m thinking about is new things that we can do.
We’ve got Amazon Prime. Customers love that. How can we make that program even better? What kind of inventions can we Read More
Tina Brown’s Daily Beast, noted for spending lots of Barry Diller’s IAC dollars in the service of journalism, is entering another ailing industry. In conjunction with Perseus Books Group, Ms. Brown will be starting a Daily Beast book imprint.
Beast Books would produce titles by the site’s writers on a short schedule–two to four months Read More