The Washington Post’s purchase by Amazon chief executive Jeff Bezos is the latest example of a new generation of internet moguls spending big on pet projects.
It was also revealed this week that Google founder Sergey Brin was the financial backer behind the world’s first lab-grown hamburger. While the synthetic hamburger is a new idea, the Washington Post is an institution. The Graham family has owned it for 80 years, including during the time it famously exposed US president Richard Nixon in the Watergate scandal. It is a well-respected newspaper and one of the few apparently running at a profit, despite decreased circulation, as readership migrates online.