Billionaires' Latest Trophies Are Newspapers - NYTimes.com

Interesting times for the Fourth Estate

"Mr. Bezos, the chief executive of Amazon.com, is paying cash for The Washington Post out of his own personal wealth, currently estimated at more than $25 billion. The Post will cost him roughly 1 percent of what he owns in Amazon stock alone.
Some billionaires like cars, yachts and private jets. Others like newspapers.
“Newspapers have gone from the public markets to the hands of a relatively few billionaires who have an appetite for social, civic and financial roles,” Mr. Doctor said."

Billionaires' Latest Trophies Are Newspapers - NYTimes.com