Bob Woodward, a man more associated with the Washington Post than almost any living figure, spoke to MSNBC’s Morning Joe about yesterday’s shocking sale of the paper to Amazon’s Jeff Bezos, praising Bezos as an investor and innovator, and contrasting his purchase of the Post to media titan Rupert Murdoch’s acquisition of the Wall Street Journal.
“This isn’t Rupert Murdoch buying the Wall Street Journal,” Woodward said. “This is someone who believes in the values the Post has been prominent in practicing, so I don’t see any downside.”
“We’re in this survival game,” Woodward said. “Jeff Bezos is one of the real innovators…He gave an interesting speech nine years ago in which he said, whenever there is something big that is done inefficiently, it’s an opportunity. If there’s anything done inefficiently, it’s the news business. We need to be shaken up.”
“We need a renaissance in reporting,” Woodward added. “The Washington Post spends about $100 million on its news collecting operation. Suppose somebody is now coming in and saying, let’s double, let’s triple, let’s really hyper-invest—which, of course, is the Jeff Bezos trademark at Amazon—and make it better? I haven’t talked to him about it, but I think he’s got an idea, or will develop an idea here.”
Watch the clip below, via MSNBC:
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