Tags: sam zell | jeff bezos | washington post | amazon

Sam Zell: Bezos Will Find Out He Doesn't Really 'Own' Washington Post

Wednesday, 07 Aug 2013 05:24 PM

By Greg Richter

Amazon.com founder Jeff Bezos may have paid the Graham family $250 million for The Washington Post, but he'll soon find he doesn't actually "own" it, says someone who's been there before.

Billionaire real estate investor Sam Zell bought the Chicago Tribune and Los Angeles Times in 2007, but his attempts to make the struggling media companies profitable did not sit well with the newsroom, Zell tells Fox Business Network.

Newspaper people think they are doing God's work, Zell told host Neil Cavuto. And, "if you're doing God's work, you should get a pass on economic reality."

Zell promised to have no editorial involvement when he bought the papers. He ended up being lambasted as a "bean counter" in his own publications.

Zell mentioned the old maxim of not fighting with anyone who buys his ink by the barrel.

"You owned the barrel," Cavuto insisted.

"That's what I thought. That's what Jeff Bezos thinks," Zell said. "What I found out, and what he's going to find out is, he doesn't own the paper."

When his papers said nasty things about him, Zell said he "laid there like a bear. What are you going to do?"



© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Kaiser Poll: Most Say Restore Obamacare If Court Kills It

Wednesday, 28 Jan 2015 06:59 AM

More than 6 in 10 Americans would want Congress to restore federal financial assistance for millions buying health care  . . .

Administration Tells Agents to ID Which Illegals Not to Deport

Wednesday, 28 Jan 2015 06:25 AM

The Obama administration has ordered immigration agents to ask immigrants they encounter living in the country illegally . . .

Weather Service Chief Admits Errant Snowfall Predictions

Tuesday, 27 Jan 2015 22:52 PM

The director of the National Weather Service said Tuesday that the agency did not effectively communicate the uncertaint . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved