Jeff Bezos Is Buying The Washington Post

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Amazon's CEO is getting into the newspaper business.

Amazon CEO Jeff Bezos Amazon CEO Jeff Bezos

Jeff Bezos, the founder and CEO of Amazon.com, is buying the Washington Post newspaper business for $250 million, according to an announcement from the Washington Post Company. Amazon is not involved in the transaction.

Bezos has some interest in publishing: He recently invested in The Business Insider, a digital publishing company.

While the Washington Post's website is part of the deal, other online properties owned by the Washington Post Company, including Slate and TheRoot.com, are not part of the deal.