The acquisition of 135-year-old paper The Washington Post by Amazon founder Jeff Bezos comes with a range of predictions about how the new owner is going to transform the four generations of family owned news business.
According to the Fox News, Bezos, after acquiring the paper for 250 million dollars, told its employees about the need to 'invent' and 'experiment' as the Internet revolutionizes the news business, hinting to the potential change from print to digital.
Although, Amazon has part in the acquisition, it is speculated that Bezos might devise novel avenues to sell anything from books to smartphones to the Post's half a million readers.
Co-founder and CEO of Box, a popular online content sharing platform, Aaron Levie said that Amazon realized the potential of the digital content and became the world's leader in e-books and Bezos knows well that the transformation from print to digital can help the paper.
Other predictions include real-time news delivery through streaming services which are customized along with a launch of Post tablets perhaps with a one-year subscription.
Bezos did not declare any change in the values of the newspaper but hinted at shift to a more local, personalized idea of news which echoes Amazon's approach to customers.
Levi said that the paper has been fairly tech-savvy and the benefit is to have an owner like Jeff Bezos who will allow continuing to fund those experiments, the report added.
