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Showing posts with label newspapers. Show all posts
Showing posts with label newspapers. Show all posts

Monday, August 12, 2013

Washington Post continues Jeff Bezos whitewash

Posted on 8:00 AM by Unknown
By Frank Moraes

As you've probably heard, Jeff Bezos has purchased The Washington Post. And I've had nothing to say about it because, really, could The Washington Post get any worse? I like Ezra Klein and Greg Sargent, even though they often irritate me. But that isn't primarily what the Post is. When it comes to straight news, I most certainly do not go to them. And now the Post is by subscription and it costs the same amount as The New York Times! That's outrageous to me. So who really cares who owns the paper? 

Even more annoying is how much coverage of the sale there has been in the Post itself. So I guess we can add Jeff Bezos to the Posts' other obsessions like deficit reduction and entitlement cuts. Many of those articles came from the Ezra Klein group itself. Based upon his own twitter feed, there are nine articles with "Bezos" in the title. And I'm sure they've written about the sale without putting his name in the title. Very wonky! 

Outside the Post blog ghetto, it is also big news. Tricia Duryee wrote "Five Myths About Jeff Bezos." Dean Baker, a long-time critic of the paper, took no time in noting that with the article the Post was already starting its disinformation campaign. Two of the five myths are not, in fact, myths. 

According to Duryee, the first myth is that Amazon is destroying independent bookstores. With online sales now at 48% of all book purchases, this one is hard to take. But the idea that independent bookstores are just destined to disappear is a typical canard of a certain kind of upper middle class journalist who works for places like the Post. It goes right along with globalization: there's nothing that can be done! But while they think that, they ignore all the ways that the government allows globalization to affect the poorer classes while protecting the upper classes. The mechanism by which Amazon has been helped by government policy is the basis of the second non-myth.

According to Duryee, the fourth myth is "Amazon's key advantage is that it doesn't collect state sales tax." As Baker noted, through most of its existence, Amazon has effectively received a 7% subsidy from the government that other companies did not have. That's huge because this is more than the profit margins of big retailers. For example, Walmart's margin is just 6%. Thus, the government has provided a huge advantage to Mr. Libertarian's bookstore. 

Duryee even went into some big apologetics on this point. She wrote, "Amazon says it is not opposed to the collection of sales tax -- as long as there's a simple, national system that is applied to all sellers, no matter their business model, location or level of sales." But that is the standard way that one justifies beings against laws that are clearly right. Of course Amazon is for all companies paying sales tax. They just can't support the current system because of some problem. And that problem bounces around to wherever it needs to so that Amazon never has to be for it. 

It has been an embarrassing week for The Washington Post. I just hope it improves this week. No one really cares who owns the newspaper. Articles like Duryee's would appear with or without Jeff Bezos. 

Update 

CounterSpin has a great interview about this with David Cay Johnston where he refers to the Post editorial page as having, "An incredible odor of white privilege." That's about right!

(Cross-posted at Frankly Curious.)
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Posted in Amazon, Jeff Bezos, media, newspapers, The Washington Post | No comments

Wednesday, August 7, 2013

WaPo drifts down the Amazon

Posted on 1:00 PM by Unknown
By Carl

Well, Jeff Bezos, the creator of Amazon.com, has purchased the Washington Post:

The Washington Post Co. agreed Monday to sell its flagship newspaper to Amazon.com founder and chief executive Jeffrey P. Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations.

Bezos, whose entrepreneurship has made him one of the world’s richest men, will pay $250 million in cash for The Post and affiliated publications to The Washington Post Co., which owns the newspaper and other businesses.

Seattle-based Amazon will have no role in the purchase; Bezos himself will buy the news organization and become its sole owner when the sale is completed, probably within 60 days. The Post Co. will get a new, still undecided name and continue as a publicly traded company without the newspaper.

The Post Co. will retain the building in Washington, as well as the online presence of subsidiary websites such as Slate.com and Foreign Policy magazine.

The newspaper business has had a rough time of it, adjusting to the online news presence of so many blogs, websites, and news outlets. Even the vaunted NY Times has had to eat crow and a billion dollars on what should have been a profitable endeavor, the purchase of the Boston Globe.

The Post made its own stupid decisions, most notably buying Newsweek magazine for a premium – which ironically was also sold over the weekend by IAC to IBT -- and a raft of television stations, none of which bolstered its flagging paper and only distracted resources and attention.

Bezos is generally acknowledged as a CEO’s CEO, one of the top two or three in the world. He also skews a little liberal (he’s a big supporter of Senator Patty Murray of Washington) which bodes well as a bulwark against the corporatocracy of Rupert Murdoch and other conservatives who own the “liberal” media. He’ll be keeping the paper privately owned, which means that he won’t be responsible to shareholders for quarterly earnings and may be able to build a media empire on this foundation.

If anyone can, it would be the guy who started the world’s largest bookstore.

(Cross-posted to Simply Left Behind.)
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Posted in Jeffrey Bezos, media, newspapers | No comments
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Blog Archive

  • ▼  2013 (500)
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      • P.M. Headlines
      • Thoughts on Syria
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      • Two-state solution unlikely anytime soon
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      • Gov. Christie doesn't understand loyalty
      • On the Hustings
      • President Pete King?
      • A.M. Headlines
      • Listening to Now: Spyro Gyra - "Morning Dance"
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      • GOP's continued debt ceiling demands
      • On the Hustings
      • Same old pattern on the right
      • Have to believe it was magic
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      • Syria is an entry to war with Iran
      • On the Hustings
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