After buying out the Graham family–the old owners of The Washington Post–for $250 million, Amazon.com founder and CEO Jeffrey Bezos formally took control of The Post on 1 October 2013, but why?
(a) because he wants to revitalize the newspaper industry and modernize how news is reported
(b) because he wants to influence Congress and be taken more seriously by Washington elites
(c) because he is a megalomaniac
Sometimes the simplest, most parsimonious explanations are the best.
Extra Credit: did Bezos pay too much or too little for The Post?