Amazon CEO buys the Washington Post for $250 million

Change is Certain for the Washington Post

By IGI Global on Aug 27, 2013
Contributed by Nathan Laird, Discipline Manager

Understanding the Interactive Digital Media Marketplace: Frameworks, Platforms, Communities and Issues The Washington Post is sure to see changes now that Jeff Bezos, billionaire entrepreneur and the CEO of Amazon, purchased the struggling newspaper for $250 million. Bezos is known as a tinkerer and willing to try new approaches. Just look at Amazon. What started out as an online book retailer now publishes, hosts an e-bookstore, streaming music and movie services, cloud computing and storage services, and has their own product line of e-readers and tablets. Bezos is not afraid to take risks to order to gain leverage for profit. According to The New York Times, "He can be counted on to think unpredictably, with a zeal for disruption and for tinkering until he gets things right."

Taking a new approach to the newspaper business is exactly what is addressed in the IGI Global chapter, “The Future of Newspapers”. Written by Antonius Ruddy Kurniawan, Kok Wai Mun Mervin, and Zhang Qiushi (all from Nanyang Technological University, Singapore), this research looks at the issue of newspapers needing to adapt to the times to succeed and grow, a relevant topic that Jeff Bezos will be sure to tackle. Kurniawan, Mervin, and Qiushi discuss:

“There are many challenges faced by newspaper companies to gain competitive advantage over the internet and increasing digital media consumption. How do newspaper companies face these challenges? How can they refine and strategize their business model to remain competitive? What are the issues that newspaper industries face? With all these questions, this chapter discusses key areas and conceptual models of future newspapers’ strategy framework and supply chain management through literature review and analysis of technologies and innovations.”

This chapter is from the book, Understanding the Interactive Digital Media Marketplace: Frameworks, Platforms, Communities and Issues, edited by Ravi S. Sharma (Nanyang Technological University, Singapore), Margaret Tan (Nanyang Technological University, Singapore) and Francis Pereira (University of Southern California, USA). The book presents the results of a large, industry-oriented, multi-national research program seeking to discover usable business models, technology platforms, market strategies and policy frameworks for the emerging global digital economy, particularly for digital media researchers and industry entrepreneurs who wish to reach users around the world.

This book and numerous other publications are available for purchase through IGI Global's InfoSci®-Media and Communications Database, a fully-searchable, customizable collection of research that provides access to all chapters included in IGI Global books published in the core subject area of media and communications.

Understanding the Interactive Digital Media Marketplace: Frameworks, Platforms, Communities and Issues is part of the New Media Topic Collection.
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