If I was working for the Washington Post I'd probably be a helluva lot more relieved than concerned about Jeff Bezos buying my ass wholesale this week. Chances are the business desk will never write another decent story about Amazon's business practices, but other than that Bezos seems to be shaping up as very old fashioned hands-off proprietor in the tradition of American billionaires who buy a newspaper as a sort of charitable indulgence rather than a commercial investment.
He paid $250m for a masthead once valued at over a billion, and he probably overpaid. But he can afford it. Dude's personally worth over $25 billion. He could lose fifty or sixty million a year on the Post for the rest of his life and still die megawealthy. and that's without Amazon paying him another cent.
The thing about Bezos, he plays for the long run. He's playing for the long run in trying to monoplise the publishing industry, and probably in trying to roll over retail competitors like Costco and Walmart. He could afford to sit and wait for years, decades even, while the slow death of the old media kills of most of the legacy print competitors leaving a few globally recognised mastheads to survive as megasaurs in a radically changed ecology.
I can very easily imagine a future where a handful of brand titles like The New York Times and now the Post, become less about serving their local catchments and more about selling an increasingly rare - and thus valuable product - hard news, to a much wider market. (It's noticeable, for instance that the stories selected by the editors of the NYT for each day's live read on Audible seem very strongly slanted towards an international audience). I'd also add that there's no guarantee the Times will survive, given their parlous finances. But they're a lot better placed to do so than most papers.