Veteran Washington Post reporter Carl Bernstein of Watergate fame says he is confident the famed newspaper's purchase by Amazon founder Jeff Bezos will give the troubled industry a second chance for survival in an Internet world.
"I have high hopes that today's announcement will represent a great moment in the history of a great institution," Bernstein said in an email to Politico
"Recognition that a new kind of entrepreneurship and leadership, fashioned in the age of the new technology, is needed to lead not just the Post, but perhaps the news business itself in combining the best of enduring journalistic values with all the potential of the digital era – including a profit model that will finance a renaissance of the kind of reporting that is essential for Washington, for American journalism, and for the world," Bernstein said.
Writing from Europe, Bernstein said he was saddened to learn about the pending sale, but that he is confident the new owner will continue the newspaper's tradition of great journalism.
"Jeff Bezos seems to me exactly the kind of inventive and innovative choice needed to bring about a recommitment to great journalism on the scale many of us have been hoping for — while employing all the applicable tools and best sensibilities of a new era and the old," Bernstein wrote in his email.
© 2013 Newsmax. All rights reserved.