Washington—The Washington Post Co. has agreed to sell its newspaper publishing businesses, including the Washington Post, to Amazon.com founder and CEO Jeff Bezos for $250 million. The deal is expected to close later this year.
An entity owned by Mr. Bezos personally--not Amazon.com--is the buyer, according to a statement from the Washington Post Co.
The deal includes the Washington Post and other publishing businesses, including the Express newspaper, Gazette Newspapers, Southern Maryland Newspapers, Fairfax County Times, El Tiempo Latino and Greater Washington Publishing.
Slate magazine, TheRoot.com and Foreign Policy are not part of the transaction and will remain with Washington Post Co., which will change its name.
Bezos has asked Katharine Weymouth, CEO and publisher of the Washington Post; Stephen P. Hills, president and general manager; Martin Baron, executive editor; and Fred Hiatt, editor of the editorial page, to continue in those roles, according to the statement.