Skip to main content
Advertising

Originally published August 6, 2013 at 10:24 AM | Page modified August 6, 2013 at 1:32 PM

  • Share:
           
  • Comments (0)
  • Print

Washington Post shares rise to 5-year highs

Shares of the longtime owner of The Washington Post briefly hit five-year highs after announcing the sale of the paper to Amazon.com Inc. founder Jeff Bezos for $250 million.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

NEW YORK —

Shares of the longtime owner of The Washington Post briefly hit five-year highs after announcing the sale of the paper to Amazon.com Inc. founder Jeff Bezos for $250 million.

The paper, which unveiled a scandal that toppled a U.S. president, has been owned by one family, the Grahams, since it was acquired in a 1933 bankruptcy sale.

The Washington Post Co. will change its name and maintain ownership of Kaplan schools and test-preparation services, its largest source of revenue. It also owns the Cable One cable television business, six television stations, Foreign Policy magazine, and the website Slate, among others.

Class B shares gained $24.30, or 4.3 percent, to $593 in trading Tuesday. Shares at one point hit $605.18, a level not seen since September 2008.

News where, when and how you want it

Email Icon

Subscribe today!

Subscribe today!

Get 8 weeks of digital access to The Seattle Times for $1

Advertising

Advertising


Advertising
The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►