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El Mundo - Spain | Wednesday, August 7, 2013

Journalism far from dead

The sale of the Washington Post to Amazon boss Jeff Bezos highlights the opportunities for established publishing houses, the conservative daily El Mundo believes: "The fact that a successful Internet entrepreneur like Jeff Bezos has bought the legendary Washington Post for 190 million euros shows that journalism is not dead, as many have claimed. Behind this last decision by Bezos, who since Amazon's founding has accumulated a fortune of 18.9 billion euros, there are two interesting phenomena indicating that the future of text media may not be so grim after all. Firstly it counts on a new digital business model that uses the experience of online sales to compete successfully on the crisis-stricken press market. Secondly it reaffirms the enormous value of a media brand that is known for its independence, high principles and solid research."

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