Most of the personnel of daily Washington Post don’t enjoy their job these days, for; this American old news paper has been sold to the billionaire founder of Amazon Corporation.
The 80 year old Washington Post which was owned by the Graham family suddenly announced that the paper has been sold to Jeff Bezos at the price of 250 thousand dollars. This paper is one of the most circulated newspapers in the US and is famous for releasing some controversial reports and hot issues.
But the name and fame of Washington Post did not prevent the paper from suffering the fate of other papers.
Like New York Times, the paper could not adjust with the new conditions and it was put on auction after its owners were bankrupt. Although the decision of the new owner of Washington Post is not known, he has promised to make fundamental changes in the newspaper.
Job security is the primary concern of 2 thousand Washington Post staff. They focused on Bezos interview of two years ago which was on the dark future of the daily. He said he is sure that in the next 20 years, there won’t be any printed daily. He believes that the printed dailies will turn into one of the luxurious things and will be put at the disposal of certain individuals in hotels. Jeff Bezos’ comments show that he is seeking to establish electronic daily, for; he has already said that the future of dailies will be determined in tablets and computer gadgets.
As Hollywood films were the box office flops this summer, some experts of economic cinema also believe that costly newspapers are going to lose popularity and won’t be successful any longer.
A number of expensive American movies commercially met with drastic failures. The low rate of the sale for at least 5 Hollywood movies in summer confirms the claim of economic cinema analysts. Top actors and actresses have played in these films and colossal sum of money has been spent on them but they were rejected by viewers and their low sale proved a mess for producers.