Amazon CEO Buys Washington Post

Jeff Bezos is buying the newspaper and its affiliated publications for $250 million.
0:41 | 08/05/13

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Transcript for Amazon CEO Buys Washington Post
Late today a sign of our changing world news at the celebrated newspaper the Washington Post has been sold -- -- Internet giant. Jeff -- and its founder of Amazon.com. He bought with his personal fortune. Changing forever the legendary story of the famous family newspaper that broke the Watergate story. Who was immortalized in the movie All the President's Men. Keep in the right direction I -- -- off. Tests part. Follow the money west of the phrase in that underground scene the Washington Post by the -- has been losing money. As news increasingly goes on line.

This transcript has been automatically generated and may not be 100% accurate.

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