Jeff Bezos
Jeff Bezos

Amazon.com CEO Jeff Bezos is serious about improving the Washington Post’s digital footprint — and he’s having Business Insider founder Henry Blodget help him in the process.

In this detailed New Yorker piece about Amazon’s future in the book industry, reporter George Packer wrote that Bezos — who owns a significant part of Business Insider — recently asked Blodget to join him two weeks ago during a visit with Washington Post staff to discuss the difficulties around publishing news on the Internet.

Bezos, who bought the newspaper for $250 million this past August, is spearheading a growth strategy at the paper as noted by the New York Times last month.

In the New Yorker article, Packer noted that Bezos talked about the Post’s design on tablets — among other topics — when he visited the newspaper’s headquarters last month. A few weeks after that visit, the Post announced a 2014 budget that included a bevy of additions, including a website redesign, a Sunday magazine, extra digital content and more employees. The Post’s announcement for expansion came just as it lost well-known Wonkblog creator Ezra Klein to Vox Media.

The connection between Bezos and Blodget actually dates back to 1998, when Blodget famously predicting in 1998 that Amazon.com’s stock would soar past $400 per share — it did, and Blodget’s career quickly launched from there before he was banned from the securities industry for publicly supporting tech stocks.

Comments

  • http://www.christopherbudd.com Christopher Budd

    Well, that’s certainly interesting. I don’t know if it’s good though. I’ve always thought of Blodgett as a bit of a blowhard and charlatan because of the case against him. I associate him closely with (and blame him in part for) the dot com bubble.

    But that said, Business Insider has turned out to be fairly reputable and a successful digital venture.

    So I guess we’ll see.

    Link for reference: http://en.wikipedia.org/wiki/Henry_Blodget#Fraud_allegation_and_settlement

    • Love Bezos Hate BI

      Business Insider is successful, but reputable is a different thing. It’s long on attention grabbing headlines and short on any real content, insight, or reporting. I won’t click on BI links because the stories are always so poor. I hope WaPo doesn’t veer in this direction.

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