In this image, we can see Jeff Bezos holding an edition of the Washington Post. In 2013, Bezos bought the Washington Post for a whopping $250 million. When talking to the Economic Club of Washington in 2018, Bezos explains some of his motivations for this decision. He acknowledged that at the time, the Post was facing dire financial circumstances and that he had mixed feelings at first, but upon doing further research and seeing that he could bring in fresh ideas, he decided to take the newspaper giant under his wing.

What he did turned out to be successful and many credited Bezos for revitalizing a newspaper that had been stalling in the age of technology. American journalist Marty Baron, a former editor of the Washington Post said the following in an interview with the New Yorker:

“Well, I mean, look, when Jeff Bezos acquired the Post, in 2013, he fundamentally changed our strategy—and that was to go from being a news organization that was focussed primarily on our region to being a news organization that would be national, and even international.”
-Marty Barron

According to the Columbia Journalism Review, this strategy has been extremely successful for the Washington Post, claiming that Bezos was able to single-handedly double their web traffic. Many, including former president Donald J. Trump, were scared that Bezos purchased the Post to further his political agenda and that it would lead to biased journalism, but so far there has been little to no evidence to back those claims.