Advice to Jeff Bezos on how to run a newspaper

Media pundits have been beside themselves trying to divine what motivated's Jeff Bezos to buy the money-losing Washington Post. (The company's newspaper division reportedly suffered an operating loss of $22.6 million for the first quarter, compared with a loss of $12.8 million in the first quarter of 2011.) The Financial Times, among others, observed that Bezos - who's worth $25 billion -- may have ulterior motives, noting: Like the giant business trusts that dominated the first Gilded Age, a handful of technology companies, including Amazon, have amassed a degree of wealth and power barely thinkable a generation ago. Just as John D. Rockefeller's Standard Oil was once demonized as an octopus extending its tentacles into every facet of the U.S. economy, their influence is set to spread as more aspects of business and personal life are drawn into the digital realm.   In Amazon's case, that includes its influence on the retail industry and effect on local...(Read Full Post)