244
244
Aug 7, 2013
08/13
by
KQED
tv
eye 244
favorite 0
quote 0
donald graham is chairman and c.e.o. of the "washington post" company. he joins me now.l disclosure, i worked for you for the "washington post." >> i was going to ask if you disclosed your terrible conflict. >> for seven great years in the 1980s. ruth marcus one of your leading columnists said that this is a brave and painful decision for your family to make. was it also a necessary one? >> well, we thought so. the publisher of the post now is catherine way mut. that's a job that i held when you were on the paper. i held it for 21 years. but catherine and i sat down at the end of last year, the end of 2012. we looked at how how the paper had done in 2012 and what we could reasonably expect going forward. 201 is the 7th consecutive year the paper has been down in revenues so what do you do when you have less money coming in the door? you try to innovate. we've been pretty successful at that. but not successful enough >> ifill: 44% decline. you're going back over several years there. but that's right. and mostly we have had to cut costs. the year of the financial crisis, 2
donald graham is chairman and c.e.o. of the "washington post" company. he joins me now.l disclosure, i worked for you for the "washington post." >> i was going to ask if you disclosed your terrible conflict. >> for seven great years in the 1980s. ruth marcus one of your leading columnists said that this is a brave and painful decision for your family to make. was it also a necessary one? >> well, we thought so. the publisher of the post now is catherine way...
93
93
Aug 10, 2013
08/13
by
CNN
tv
eye 93
favorite 0
quote 0
. >> donald graham insists the commitment to journalism won't change. >> we will become a place that does its traditional job and maintains its traditional values but tries things and i hope a lot of them will succeed. >> a sentiment echoed by bezos to employees saying the values of "the post" do not need changing. the duty will be to readers and not to private interest of owners. we'll continue to follow the truth wherever it leads. >> most newspapers today are terribly undernourished in terms of funding. there's an unwillingness to invest in investigative reporters or foreign bureaus have been closed down and they need to be reopened and a private owner with the kind of wealth that jeff bezos has can make a difference. >> david gergen came to know graham and ben bradley says bezos can afford to make mistakes but the stakes are still high. >> had it not been for ben and for kay, there would have been no woodward and bernstein and maybe the watergate story would have turned out very differently. who knows for sure. >> after the downfall of a president, it's just not washington withou
. >> donald graham insists the commitment to journalism won't change. >> we will become a place that does its traditional job and maintains its traditional values but tries things and i hope a lot of them will succeed. >> a sentiment echoed by bezos to employees saying the values of "the post" do not need changing. the duty will be to readers and not to private interest of owners. we'll continue to follow the truth wherever it leads. >> most newspapers today...
115
115
Aug 6, 2013
08/13
by
KQED
tv
eye 115
favorite 0
quote 0
of the "washington post's" parent company, donald graham. >> warner: "i am the shooter," declared army major nidal hasan at the start of his trial in an attack that killed 13 at fort hood, texas.
of the "washington post's" parent company, donald graham. >> warner: "i am the shooter," declared army major nidal hasan at the start of his trial in an attack that killed 13 at fort hood, texas.
188
188
Aug 6, 2013
08/13
by
MSNBCW
tv
eye 188
favorite 0
quote 0
the personal connection between people who work at this newspaper and donald graham and his mother beforehe publisher now, i mean it is a very important connection. just on a very personal note, ruth and chris, i came to washington from philadelphia to work for post news week broadcasting for the local then "washington post"-owned cbs affiliated station here in washington, d.c. and when they -- i had an agreement with the owner that if they ended up selling the station here, which they ended up doing anticipating a supreme court decision on cross ownership of media concentration that never happened, when they ended up selling to a detroit station, detroit owner, they let me out of my contract just on a handshake because -- to come to nbc. 35 years ago. because i came under the understanding that i would only work for the graham family. that was how close the connection was, ruth. >> i think all of us have that -- who have been around for a while any way, interest that personal connection with the graham family. i have a column that should be on washingtonpost.com later this afternoon talk
the personal connection between people who work at this newspaper and donald graham and his mother beforehe publisher now, i mean it is a very important connection. just on a very personal note, ruth and chris, i came to washington from philadelphia to work for post news week broadcasting for the local then "washington post"-owned cbs affiliated station here in washington, d.c. and when they -- i had an agreement with the owner that if they ended up selling the station here, which...
WHUT (Howard University Television)
178
178
Aug 13, 2013
08/13
by
WHUT
tv
eye 178
favorite 0
quote 0
donald graham described how revenues declined. seven years in a row, with the newspaper suffering a $54 million operating loss last year. that's $54 million. circulation of the paid print edition plunged from $786,000 in 2002, eleven years ago, to $481,000 in 2012. rather than attempt more cost cutting, says mr. graham, he decided to sell. mr. bezos, age 49, is one of the world's richest people, with an estimated worth billions. he sells streaming video online over amazon prime and he introduced the amazon kindle. bezos is the latest mogul, who in recent years has snapped up newspapers. the boston globe was purchased for $70 million one week ago. and warren buffet has purchased more than 30 newspapers in the past two years. question. if old media like newspapers are a dying business, why are millionaires drawn to them? >> because they no longer wish to be billionaires. >> ha ha! >> losing money, look, let me just describe the problem. the whole business model for print products has changed because of the interpret. he did not use
donald graham described how revenues declined. seven years in a row, with the newspaper suffering a $54 million operating loss last year. that's $54 million. circulation of the paid print edition plunged from $786,000 in 2002, eleven years ago, to $481,000 in 2012. rather than attempt more cost cutting, says mr. graham, he decided to sell. mr. bezos, age 49, is one of the world's richest people, with an estimated worth billions. he sells streaming video online over amazon prime and he...
201
201
tv
eye 201
favorite 0
quote 0
what did you think about donald graham and everyone knows?nk that they were probably or five what happened tuesday. they sold it to the harman empire and then they end up merging. "the washington post" talked about this guy and his personal decency as if they are entrusting it to a good guy. >> tonight on cavuto at 8:00 p.m. eastern, do not miss neil cavuto talking to the always interesting tycoon about his experience investing in newspapers. sam zell. he will talk about that and so much more with neil cavuto tonight. and the battle over herbalife heating up. another billionaire once the securities and exchange commission to investigate the company. charlie gasparino has investigated. is there really a case? reporter: i do want to ask one thing about "the washington post." i am trained to say all this stuff. what i can tell you is the sec is looking into the claims that there is some sort of a stock manipulation. he is claiming that they are all colluding, talking to each other, looking to squeeze this, for all the shares and at some point, y
what did you think about donald graham and everyone knows?nk that they were probably or five what happened tuesday. they sold it to the harman empire and then they end up merging. "the washington post" talked about this guy and his personal decency as if they are entrusting it to a good guy. >> tonight on cavuto at 8:00 p.m. eastern, do not miss neil cavuto talking to the always interesting tycoon about his experience investing in newspapers. sam zell. he will talk about that...
164
164
Aug 6, 2013
08/13
by
CNBC
tv
eye 164
favorite 0
quote 0
the post company chairman and ceo donald graham said he and his niece decided to put the business up lier this year after looking at the books. hopefully they were looking at them a lot. graham and bezos discussed a deal in sun valley in july. the washington post company will keep its headquarters and online news sites such as slate and will eventually change its name. shares hit $600 in after hours, the first time that they have been above that mark in five years. and before closing just below, as you can see, at 597. >>> a bit of a sell-off for want of a spin-off. sony shares dropping more than 5% at one stage today, ending down 4.5% after japanese firm rejected investor daniel loeb's plan to spin off part of the entertainment arm. stock pairs back some losses after they said it would keep talking with sony to find more shareholder value. in a letter, the ceo defended keeping full control of the entertainment unit saying it helped to drive synergies. >>> standard charter suffered a billion dollar hit on the value of its korean business. they reported a pretax profit of $3.3 billion
the post company chairman and ceo donald graham said he and his niece decided to put the business up lier this year after looking at the books. hopefully they were looking at them a lot. graham and bezos discussed a deal in sun valley in july. the washington post company will keep its headquarters and online news sites such as slate and will eventually change its name. shares hit $600 in after hours, the first time that they have been above that mark in five years. and before closing just...
283
283
Aug 6, 2013
08/13
by
CURRENT
tv
eye 283
favorite 0
quote 0
which i suspect won't be that much different than those under the current head of the company, donald grahampent eight years as a uniformed police officer in washington, d.c., and who it's editorial page is almost all white, almost all male, warmongering, and opposed to unofficial leaks, of course the "washington post" is famous for official leaks. . >> let's talk about ownership and how ownership affects reporters in the news room. the post has published 52 separate articles on jeff bezos. it's a reminder of the broadcast news coast, let's never forget we're the real story, not them. and most of the commentary from the post have been on mystic ariel cast about their new boss. but could there be a chilling effect where reporters change their coverage to appease his political agenda? how does it work in the news room? >> yeah, except for fox news which is anomaly is not as most people imagine. at the "new york times" the publisher often attended the news meeting where the editors pitch the stories they would like to get on page one. but when that part of the meeting end, and the editors leave
which i suspect won't be that much different than those under the current head of the company, donald grahampent eight years as a uniformed police officer in washington, d.c., and who it's editorial page is almost all white, almost all male, warmongering, and opposed to unofficial leaks, of course the "washington post" is famous for official leaks. . >> let's talk about ownership and how ownership affects reporters in the news room. the post has published 52 separate articles on...
605
605
Aug 11, 2013
08/13
by
CNNW
tv
eye 605
favorite 0
quote 0
. >> reporter: the post chairman, donald graham insist "the post" commitment to journalism won't change> we will do its traditional job and maintains its traditional values but tries things. i hope a lot of them will succeed. >> reporter: a sentiment echoed by bezos in a letter to "post" employees that reads the values do not need changing and not to the private interests of its owners. we will continue to follow the truth wherever it leads. >> most newspapers today are terribly undernourished in terms of funding. there's been an unwillingness to invest in investigative reporters and foreign bureaus have been closed down and they need to be reopened. a private owner with the kind of wealth that jeff has, jeff bezos has, can really make a huge difference. >> cnn political contributor, david gergen, who once worked for the nixon white house and came to know kathryn graham and editor, ben bradley, says bezos can afford make mistakes, but the mistakes are still high. >> if it had not been ben or kay, there would have been no woodward and bernstein and maybe the watergate story would have tu
. >> reporter: the post chairman, donald graham insist "the post" commitment to journalism won't change> we will do its traditional job and maintains its traditional values but tries things. i hope a lot of them will succeed. >> reporter: a sentiment echoed by bezos in a letter to "post" employees that reads the values do not need changing and not to the private interests of its owners. we will continue to follow the truth wherever it leads. >> most...
204
204
Aug 11, 2013
08/13
by
WRC
tv
eye 204
favorite 0
quote 0
. >> i want to get to that question, but first about donald graham. one of the old media families.hey loved the washington post. clearly didn't to want let it go. you wrote about his final speech to the post and said this was kind of a tragedy. >> i think his heart was broken to have to give it up. but the post was diminishing year by year, losing money and circulation. it was losing and there was no answer. there was no answer. >> was it avoidable or not? >> even if he made different moves, made it more national than local, embraced politico in some way and made it his own. i don't know. i don't know if that would have saved it. new york is very different from washington. the new york times is very different from the washington post. and the new york times has enough challenges as it is. here's what interests me most, though, jeff bezos is a great innovator in technology. that's terrific. he has vastly more money than the grahams, which is important to invest in the newspaper. but will he run a newspaper that puts pressure on power. that's what interests us most. that's not a valu
. >> i want to get to that question, but first about donald graham. one of the old media families.hey loved the washington post. clearly didn't to want let it go. you wrote about his final speech to the post and said this was kind of a tragedy. >> i think his heart was broken to have to give it up. but the post was diminishing year by year, losing money and circulation. it was losing and there was no answer. there was no answer. >> was it avoidable or not? >> even if he...
79
79
Aug 5, 2013
08/13
by
CNBC
tv
eye 79
favorite 0
quote 0
jeff bezos as well as the ceo of the "washington post" company, donald graham were both at the allen and company conference last month. this deal probably took place now. as for what bezos has planned, he says in his press conference that he thinks the post plays a critical role in d.c. and the nation and the post values will not change. it has been on the cutting edge of some technology such as integration with facebook. we'll see what kind of technological things he tries with it. >> in terms of the name change, is it a name change for the corporate entity that would own the "washington post" or would it be for the newspaper itself? >> i believe it's for the new company. the new companies that's left with kaplan, the cable assets and some of these internet assets and real estate. that company since it no longer has the paper would now get a new name. >> it's an interesting transformation within the industry just within the past week or so we've seen the boston globe up for sale and a lot of companies increasingly away from the print business and more towards broadcasting. >> the pa
jeff bezos as well as the ceo of the "washington post" company, donald graham were both at the allen and company conference last month. this deal probably took place now. as for what bezos has planned, he says in his press conference that he thinks the post plays a critical role in d.c. and the nation and the post values will not change. it has been on the cutting edge of some technology such as integration with facebook. we'll see what kind of technological things he tries with it....
200
200
Aug 6, 2013
08/13
by
KQED
tv
eye 200
favorite 0
quote 0
. >> suarez: catherine way mut's note to the staff -- she's the publisher -- chairman donald graham's remarks to the staff, both took pains to point out that jeff bezos was personally buying the paper not acquiring it for amazon. why make that distinction? why is it important? >> it's actually part of a trend. we are moving from the publicly traded corporation era of media ownership and particularly newspaper ownership back towards individual owners. john henry, the owner of the boston red sox earlier this week announced that he was buying the boston globe. arob kushner who is also an internet mogul owns the orange county register. bezos is famous for resisting short-term pressure and he's very customer-focused. so this insulates the post from any of the pressures that a corporation would have publicly traded corporation would have in the way it stewards the paper. >> suarez: he is a man who has understood how to use the internet as a commerce vehicle. perhaps as well as anybody on planet earth. is that a good fit for a newspaper ownership in the 21st century? >> yes. the readership o
. >> suarez: catherine way mut's note to the staff -- she's the publisher -- chairman donald graham's remarks to the staff, both took pains to point out that jeff bezos was personally buying the paper not acquiring it for amazon. why make that distinction? why is it important? >> it's actually part of a trend. we are moving from the publicly traded corporation era of media ownership and particularly newspaper ownership back towards individual owners. john henry, the owner of the...
169
169
Aug 11, 2013
08/13
by
FOXNEWS
tv
eye 169
favorite 0
quote 0
i'm sure donald graham has this hope.isthat "the post" has an asset which good newspapers have which is journalists.ing people still need the news, want the news. i would guess he's going to do the some creating things in using the talents of the journalists to give news in different loss formats. there's a loss here. it's happening all over america.ng we're losing the local ownership of the "washington post." the graham family has always felt they were heading a great national newspaper but they were washingtonians. don graham would come up thio the hill to lobby for education aid for the washington schools. for scholarships for kids from washington. with all respect to jeff besos c all i know admiral onperson, that local contact is going to be >> gone. that's a loss. >> fact is before he became a newspaper man to learn the city a cou he actually worked for apl couple of years, don graham did, as a ng cop. >> that's right. >> here working the beat.. i mean he really led not only newspapers, but also the city. >> he did.l
i'm sure donald graham has this hope.isthat "the post" has an asset which good newspapers have which is journalists.ing people still need the news, want the news. i would guess he's going to do the some creating things in using the talents of the journalists to give news in different loss formats. there's a loss here. it's happening all over america.ng we're losing the local ownership of the "washington post." the graham family has always felt they were heading a great...
129
129
Aug 6, 2013
08/13
by
LINKTV
tv
eye 129
favorite 0
quote 0
he is a friend of donald graham, chief effective of the washington post company, whose family has owned the newspaper for eight decades. over the past the gate, the companies newspaper division a seen a 44% drop in operating revenue. in addition, he will get another -- a number of other washington post owned businesses. the deal does not include slate.com or foreign-policy magazine, which are own by the parent company that also owns kaplan and will change its name following the sale of the paper. he said management of the washington post newspaper will remain the same, but it is unclear what changes might be coming. last year, he was quoted in an interview with a german newspapers saying -- the announcement of the purchase by jeff bezos came just days after the boston red sox owner and billionaire john henry entered an agreement to buy the boston globe newspaper from the new york times company for $70 million. the obama administration is ordered all nonemergency personnel to leave yemen and urged u.s. citizens currently living there to depart immediately. in a statement issued today, th
he is a friend of donald graham, chief effective of the washington post company, whose family has owned the newspaper for eight decades. over the past the gate, the companies newspaper division a seen a 44% drop in operating revenue. in addition, he will get another -- a number of other washington post owned businesses. the deal does not include slate.com or foreign-policy magazine, which are own by the parent company that also owns kaplan and will change its name following the sale of the...
106
106
Aug 7, 2013
08/13
by
MSNBCW
tv
eye 106
favorite 0
quote 0
since 1933 when donald graham's grandfather bought the post at auction for $825,000 is, it's been thendard bearer of exemplary political coverage, a testament to the management of the graham family over the last 80 years. but before that in the early days, "the washington post" had something of a mixed record, which included the dubious distinction of printing one of the most infamous newspaper typos in american history. it was a 1915 article about woodrow wilson's love life. yes, he had one. the paper reported that wilson had been entering his bride-to-be, edith galt. it meant to say entertaining his bride-to-be. now we went further and dug up the original. here's how they printed at the time. quote -- this is "the washington post." the president gave himself up for the time being to entering his fiancee. needless to say it was a source of amusement in washington. >>> next up, this one definitely belongs in the sideshow. things got ugly when anthony weiner encountered a heckler on the stump yesterday in new york. take a look at how it unfolded. >> you're very passionate. >> i'm more
since 1933 when donald graham's grandfather bought the post at auction for $825,000 is, it's been thendard bearer of exemplary political coverage, a testament to the management of the graham family over the last 80 years. but before that in the early days, "the washington post" had something of a mixed record, which included the dubious distinction of printing one of the most infamous newspaper typos in american history. it was a 1915 article about woodrow wilson's love life. yes, he...
230
230
Aug 11, 2013
08/13
by
WMAR
tv
eye 230
favorite 0
quote 0
. >> i want to get to that question, but first about donald graham. one of the old media families.y loved the washington post. clearly didn't to want let it go. you wrote about his final speech to the post and said this was kind of a tragedy. >> i think his heart was broke ton give it up. but the post was diminishing year by year, losing money and circulation. it was losing and there was no answer. >> it was avoidable or not? >> even if he made different mos, made it more national than local, embraced politico in some way and made it his own, i don't know. i don't know if that would have saved it. new york is very different from washington. the new york times is very different from the washington post. and the new york times has ough challenges as it is. here's what interests me most, though, jeff bezos is a great innovator in technology. that's terrific. he has vastly more money than the grahams, which is important to invest in the newspaper. but will he run a newspaper that puts pressure on power. that's what interests us most. that's not a value, that's a universal among anyone,
. >> i want to get to that question, but first about donald graham. one of the old media families.y loved the washington post. clearly didn't to want let it go. you wrote about his final speech to the post and said this was kind of a tragedy. >> i think his heart was broke ton give it up. but the post was diminishing year by year, losing money and circulation. it was losing and there was no answer. >> it was avoidable or not? >> even if he made different mos, made it...
288
288
Aug 11, 2013
08/13
by
KTVU
tv
eye 288
favorite 0
quote 0
there's hope in bezos coming into "the post" and i'm sure donald graham has the hope, that "the post"n asset which is journalists. people need and want the news. i would guess that he's going to do some creative things in using the talents of the journalists to give news in different formats. but there's a loss here. and it's happening all over america. we're losing the local ownership of "the washington post." the graham family has always felt they were heading a great national newspaper, but they were washingtonians. don graham would lobby for education aid for the washington schools, for scholarships with kids from washington. with all respect to jeff bezos, he's an admirable person, but that local contact will be gone. and that's a loss. >> the fact is before he became a newspaperman, to learn the city, he worked as a cop here, working the beat. so he really bled not only newspapers, but also the city. >> he did and he saw the ownership of the newspaper as a public trust which not what the people coming into ownership of newspapers see the paper as. that's a loss. >> thank you, pa
there's hope in bezos coming into "the post" and i'm sure donald graham has the hope, that "the post"n asset which is journalists. people need and want the news. i would guess that he's going to do some creative things in using the talents of the journalists to give news in different formats. but there's a loss here. and it's happening all over america. we're losing the local ownership of "the washington post." the graham family has always felt they were heading a...
121
121
Aug 6, 2013
08/13
by
MSNBCW
tv
eye 121
favorite 0
quote 0
vivian, i want to play donald graham, the chief executive "the washington post" talking about the deallling the historic paper. let's take a listen. >> we knew we could keep the post alive. we knew it could survive. but our aspirations for the post had been higher than that so we went to see if we could find a buyer who would do a fair deal with "the washington post" company for that is fair for their shareholders but also have opened the possibility of a better future for "the post." >> a better future for "the post." at the helm is jeff bezos who is able to reinvent retail. do you think an opportunity to reinvent modern journalism with this purchase? >> i do. i think we needed an informed citizen for this. the way journalism has been going, the economic pressures brought on by the advents of technology and competitive and fragmented landscape means that a paper like "the washington post" and others is competing. it's just one voice amongst so many others. what you do need is that vibrant journalism that is going to hold the people in power accountable. that is really what we are here
vivian, i want to play donald graham, the chief executive "the washington post" talking about the deallling the historic paper. let's take a listen. >> we knew we could keep the post alive. we knew it could survive. but our aspirations for the post had been higher than that so we went to see if we could find a buyer who would do a fair deal with "the washington post" company for that is fair for their shareholders but also have opened the possibility of a better future...
201
201
Aug 5, 2013
08/13
by
CNBC
tv
eye 201
favorite 0
quote 0
according to donald graham, who is the publisher of "the post, "requesting not jeff bezos.. it has a market cap of $4.2 billion, and the publishing being sold for $250 million. >> we can assume the name will probably stay on the newspaper, mary, even if it comes off the company that remains. >> right. right. and, you know what else is interesting to note, one thing i was thinking of when we were talking, is "newsweek" was recently sold, too. for what, was it, is that news week was recently sold, too, for iac just recently sold it as well. news week used to be sold by "washington post." again, of course as you would expect, the newspaper business keeping that name, you would expect to see that happen again because it would be -- it, again, is synonymous with that. we'll see what mr. bezos has in mind for it. >> i just want to point out the "washington post," the newspaper has been innovative in its use of technology. done graham who has a personal relationship with mark zuckerberg was one of the first people to push the "washington post" and any newspaper to use the facebook
according to donald graham, who is the publisher of "the post, "requesting not jeff bezos.. it has a market cap of $4.2 billion, and the publishing being sold for $250 million. >> we can assume the name will probably stay on the newspaper, mary, even if it comes off the company that remains. >> right. right. and, you know what else is interesting to note, one thing i was thinking of when we were talking, is "newsweek" was recently sold, too. for what, was it, is...
402
402
Aug 6, 2013
08/13
by
CURRENT
tv
eye 402
favorite 0
quote 0
donald graham told "washington post," effort at having the video present. washpostlive.hey looked at the numbers and realized after year after year after year of not making a profit, sadly, here, they face the reality. >> every graham, not only every graham but everybody at the top of "the washington post" company had the same reaction when we first started to think about the possibility which was great surprise, sadness. >> bill: but he said the numbers just weren't there. >> katherine and i started to look at the numbers, realized this year 2013 would be the seventh straight year of significant declining revenues. >> bill: 44% decline in the revenues last year. so they started, he said, they started looking around for a buyer and they didn't find a company to buy it. they found one man. one man who had enough cash, he could buy this with spare cash. jeff basos, of course, the founder of amazon. i have to tell you, one of the most creativive entrepreneurs this country has ever seen, a real genius. started up amazon.com and look at it today. there's nothing you can buy,
donald graham told "washington post," effort at having the video present. washpostlive.hey looked at the numbers and realized after year after year after year of not making a profit, sadly, here, they face the reality. >> every graham, not only every graham but everybody at the top of "the washington post" company had the same reaction when we first started to think about the possibility which was great surprise, sadness. >> bill: but he said the numbers just...
164
164
tv
eye 164
favorite 0
quote 0
jeff bezos sitting down with washington post legend katherine graham and her son and current ceo donald grahaming the paper for $250 million. is a great price or is he paying too much? joining us is liz macdonald with more. >> the word is did he did the too much for the washington post? this is after 17 times cash flow is so typically for newspapers when they're sold, three to five times cash flow, and of forty-five million to sixty million, not two fifty million. the word on wall street to newspaper chains, hitting -- take the money and run because if you can get 17 cash flow, that is a sweet deal, the new york times, could they command the same multiple washington post folds of for based on cash flow basis. >> the only flaw is a model that is utterly changed in different once he is done with it and if you look at a multiple of revenue i would hope the newspaper would go for one time revenue, this is less than zero.5 times revenue, the deal is cheap. >> she is known for short-term losses and profits, amazon loss $39 million last year. in the washington post, losses were doubling from last yea
jeff bezos sitting down with washington post legend katherine graham and her son and current ceo donald grahaming the paper for $250 million. is a great price or is he paying too much? joining us is liz macdonald with more. >> the word is did he did the too much for the washington post? this is after 17 times cash flow is so typically for newspapers when they're sold, three to five times cash flow, and of forty-five million to sixty million, not two fifty million. the word on wall street...
228
228
Aug 6, 2013
08/13
by
CNNW
tv
eye 228
favorite 0
quote 0
. >> reporter: the post chairman donald graham insists the commitment to journalism won't change. >>at does its traditional job, maintains its traditional values but tries things and hope a lot will succeed. >> reporter: a sentiment echoed by bezos in a letter to employees that reads the values of the post do not need changing. we will continue to follow the truth wherever it leads. >> most newspapers today are terribly undernourished in terms of funding. there's been an unwillingness to invest in investigateive reporters. and a private owner with the wealth that jeff bezos has can make a huge difference. >> reporter: cnn political contributor david gergen who worked for the nixon white house and came to know graham and bradley says bezos can afford to make mistax. but mthe stakes are still high. >> had it not been for kay, there would have been no watergate story. >> reporter: after the downfall of a president, it's just not washington without the post. it will no longer be a publicly traded company. it's now a privately held firm. how long staff stays in depends on bezos. >> i read
. >> reporter: the post chairman donald graham insists the commitment to journalism won't change. >>at does its traditional job, maintains its traditional values but tries things and hope a lot will succeed. >> reporter: a sentiment echoed by bezos in a letter to employees that reads the values of the post do not need changing. we will continue to follow the truth wherever it leads. >> most newspapers today are terribly undernourished in terms of funding. there's been an...
110
110
Aug 5, 2013
08/13
by
CSPAN
tv
eye 110
favorite 0
quote 0
donald graham was quoted saying the post could have survived and been profitable am a but he wanted to do more than survive. post" has had a 44% decline in operating revenue over the past six years. today at the national press club, they hosted wendy davis who held a filibuster in texas on a late-term filibuster. here is a look. you mentioned your feud with rick perry. are you thinking about running to succeed him? >> a lot of people are asking me that question lately. i am working very hard to decide what my next steps will be. i do think in texas people feel like we need a change from the very fractured, very partisan leadership we are seeing in our state government right now. a bid for another statewide office other than governor question mark perhaps u.s. senator or lieutenant governor? will run forthat i one of two offices, either my eat or thete ste governor. one more question. would you consider running as a vice residential candidates with hillary clinton? in answer to that i would say we will have to find out whether hillary is planning to run for president first. >> you can w
donald graham was quoted saying the post could have survived and been profitable am a but he wanted to do more than survive. post" has had a 44% decline in operating revenue over the past six years. today at the national press club, they hosted wendy davis who held a filibuster in texas on a late-term filibuster. here is a look. you mentioned your feud with rick perry. are you thinking about running to succeed him? >> a lot of people are asking me that question lately. i am working...
279
279
Aug 7, 2013
08/13
by
CNBC
tv
eye 279
favorite 0
quote 0
donald graham said there are all of these gres about the future of newspapers.n't know. number two, what really struck me it sounds like he thought deeply about the well being of the institution. he says we think it's better off under another own perp somebody that has more money. that was very sad. fascinating. then the exciting part of it, i think, is yes, there are people with the resources. you know, many businesses lose money. tesla is losing money but they're investing in growth. and if we can get some people with newspapers, with media who have the money and are actually investing -- >> that can't be the answer. >> tribing bezos in a nutshell. investing in growth, not making money. every quarter we ask how much leash are investors going to give him? at amazon and now this? >> they're giving him a lot. he did say there are going to be some changes. i got some new ideas. i don't know what they are but it's exciting to hear that somebody actually does have new ideas. whether they work or not, he said we can experiment. he can afford to experiment. >> that's
donald graham said there are all of these gres about the future of newspapers.n't know. number two, what really struck me it sounds like he thought deeply about the well being of the institution. he says we think it's better off under another own perp somebody that has more money. that was very sad. fascinating. then the exciting part of it, i think, is yes, there are people with the resources. you know, many businesses lose money. tesla is losing money but they're investing in growth. and if...