Speculation is swirling that Amazon founder and Washington Post owner Jeff Bezos may be considering selling the newspaper to purchase an NFL team. According to a report in the New York Post, Bezos is reportedly planning to sell the Washington Post in order to buy the Washington Commanders.
The news has been met with mixed reactions from fans of both the newspaper and football. Some are concerned about what this could mean for the future of The Washington Post, while others are excited at the prospect of having a hometown team in their city.
The speculation comes as The Washington Post has been battling declining ad revenue and stalled online subscription growth. The question hovering over it in recent months is whether or not Bezos will continue investing in the publication or opt for another venture.
Bezos bought The Washington Post back in 2013 for $250 million, and since then he’s made several investments into its operations. He’s hired hundreds of new employees, invested millions into its digital operations, and even launched a new magazine called “Post Everything” which focuses on long-form journalism.
However, despite these efforts, The Washington Post hasn’t seen much success when it comes to online subscriptions or advertising revenue. This could be why Bezos is now reportedly considering selling off the paper in order to fund his bid for an NFL team.