Founder and present CEO of Amazon, Jeff Bezos, is contemplating promoting the far-left newspaper Washington Put up in a bid to purchase the NFL’s Washington Commanders, in response to New York Put up.
It may be recalled that the Washington Put up introduced that it had misplaced 500,000 subscribers since Joe Biden took workplace. In 2021, The Washington Put up had 3 million subscribers – that quantity dropped to 2.5 million in 2022.
WaPo writer Fred Ryan advised workers at a companywide assembly that layoffs would proceed early this yr, after eliminating its Sunday journal and slicing ten staffers within the course of final yr.
The WaPo was bought by the billionaire for $250 million in 2013, however a brand new report says Bezos is “seeking to clear the best way” to purchase the Commanders from embattled proprietor Dan Snyder.
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“Chatter is rising that Amazon’s billionaire founder is seeking to clear the best way for a purchase order of the Washington Commanders by promoting the Washington Put up,” the Put up reported. “The issue for Bezos reportedly is that the Commanders’ embattled proprietor, Dan Snyder, remains to be sore over the storied newspaper’s sequence of exposes alleging a poisonous administration tradition on the staff.”
The outlet added that some even speculate that Snyder believes Bezos actively pushed the paper’s essential protection in 2020 in an effort to coerce Snyder into promoting him the staff.
In line with a supply with information of the problem, Bezos assured the paper’s higher administration in personal conferences that he had no intention of promoting.
Though the billionaire has acknowledged that there are not any plans to promote the publication, the New York Put up quoted an unnamed supply saying, “I feel Bezos’ folks might go to Dan and say as a gesture of goodwill, ‘We’re promoting the paper.’
“I feel that might go a great distance with Dan.”
Every day Mail reported, on November 2, Snyder and his spouse and co-CEO Tanya acknowledged that they’d recruited Financial institution of America Securities to discover potential transactions. They didn’t say whether or not or not they have been making an attempt to promote the complete staff.
Extra from the New York Put up:
In the meantime, Entrance Workplace Sports activities reported final Tuesday that Financial institution of America, employed by Snyder to public sale the Commanders, “continues to courtroom Bezos — even when there are indications that Snyder doesn’t need to promote” to the Amazon founder.
Bezos has not employed an funding banker to promote the Washington Put up, nor has he made it completely clear it’s truly on the market, the supply added. Neither supply is near former New York Metropolis Mayor Michael Bloomberg, who, in response to a Dec. 23 Axios report, is excited by shopping for both the Wall Avenue Journal or Washington Put up.
A spokesperson for Bezos stated the Washington Put up will not be on the market. A spokesperson for the Journal — the proprietor of which, Information Corp., additionally owns the New York Put up — stated the paper will not be on the market.
Final week, experiences surfaced that the Commanders have taken first-round bids from potential acquirers and that Bezos — who reportedly has been in talks with Jay-Z to staff up for a buyout — wasn’t amongst them.
Bezos has been tight-lipped with reference to the Commanders, other than a November CNN interview during which he stated soccer is his “favourite sport” and his girlfriend Lauren Sanchez chimed in, “I do like soccer — I’m simply going to throw that on the market.”
Sports activities journalists, in the meantime, have been completely happy to weigh in on behalf of Dan Snyder — whose disposition towards Bezos is decidedly much less enthusiastic, in response to experiences.
“Not solely was I advised Bezos didn’t submit a bid, I’ve had folks inform me the Snyder household has completely no real interest in promoting to Bezos,” JP Finlay, who covers the Commanders for NBC Sports activities, tweeted final weekend. That was in response to experiences that the very best first-round bid got here in at $6.3 billion — wanting the $7 billion-plus that Snyder reportedly is in search of.