The man who pushed the book publishing industry into the digital age is now buying one of the country's most storied newspaper companies. Jeff Bezos, founder of Amazon.com, is acquiring The Washington Post and its small sister papers. The news broke after the markets closed today. NPR's David Folkenflik covers the newspaper industry, and he joins me now. And, David, this was, I think, the best-kept secret in Washington. Tell us some details of this transaction and how it came about.
Originally published on Tue August 6, 2013 9:03 am
The Washington Post Co. will sell its flagship newspaper and one of the most respected news organizations in the country to Amazon.com founder Jeffrey P. Bezos, the company announced in a press release. The Post has been a family-owned business for four generations.
Amazon, the company said, will play no role in the purchase. Bezos is making the purchase personally.
Originally published on Thu August 8, 2013 4:04 pm
After three months, $330,000 and a high-profile media blitz, the world's first hamburger grown in a lab made its worldwide debut Monday.
The unveiling of "cultured beef," as the burger is branded, was a production worthy of the Food Network era, complete with chatty host, live-streamed video, hand-picked taste testers, a top London chef and an eager audience (made up mostly of journalists). Rarely has a single food gotten such star treatment.
Originally published on Tue August 6, 2013 6:04 am
Silly me. I thought "rent-seeking" was something only landlords did.
But economists have their own way of looking at the world. To them, rent-seeking is a term for describing how someone snags a bigger share of a pie rather than making a pie bigger, as the venerable Economistexplains it.
So, a drugmaker can be seen as a rent-seeker if it cajoles doctors to prescribe more of a particular brand of medicine at the expense of a rival pharmaceutical company's wares.