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

Wednesday, 07 Aug 2013 05:24 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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?"



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Jane Fonda: I'll Be Mad If Murdoch Acquires Time Warner

Wednesday, 23 Jul 2014 22:01 PM

Jane Fonda says she'll be "so angry" at federal regulators if they approve an acquisition of Time Warner by Rupert Murdo . . .

Arizona Inmate Dies Hours after Execution Began; Brewer Calls for Probe

Wednesday, 23 Jul 2014 21:58 PM

A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he  . . .

Computer Crash Causes Major Delays in US Passport and Visa Operations

Wednesday, 23 Jul 2014 21:56 PM

The State Department's global database for issuing travel documents has crashed, resulting in major delays for potential . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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