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:
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

ESPN: NFL's Ravens Knew About Rice Video Within Hours

Friday, 19 Sep 2014 22:03 PM

The Baltimore Ravens knew about the video of star running back Ray Rice knocking out his then-girlfriend in an elevator  . . .

Blogger to Put Anti-Islam Posters on NYC Buses, Subway

Friday, 19 Sep 2014 22:22 PM

A New York blogger is putting up ads next week on 100 city buses and at two subway entrances featuring anti-Islamic mess . . .

Biden Praises Disgraced Packwood at DNC Women's Event

Friday, 19 Sep 2014 21:13 PM

In a speech on Friday celebrating women's leadership for the Democratic National Committee, Vice President Joe Biden pra . . .

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