Klein announced Sunday evening that he would be founding the new venture with Vox. He had reportedly offered the paper first dibs on the new venture, a much larger project than his Wonkblog. Klein decided to leave—amicably, he said—after he was turned down.
Per the Washington Post, Bezos was never pitched directly about the project, and the price tag, rumored to be over $10 million, was not a factor. Paul Farhi reported Sunday:
The Post passed on backing Klein’s proposed operation, although Klein never presented his idea directly to Amazon.com founder Jeffrey P. Bezos, according to people familiar with the negotiations…There were also no direct discussions about the cost of the operation, according to those sources.
Instead, according to sources close to the negotiations, the paper balked at the amount of independence Klein desired.
[h/t Washington Post]
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