Days after the New York Times sold the Boston Globe to investor John Henry, the Washington Post Co. sold its flagship paper to Amazon founder Jeff Bezos.
Bids for the Globe are expected to be in the $100 million range. The New York Times company paid more than a billion dollars for the publication 10 years ago.
The Washington Post is erecting a paywall. It’s one in a long list of newspapers that are trying this business model. So, how's it working out for them?