Susan P Crawford, Columnist

Jeff Bezos Can Make Newspapers Profitable

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I was in the New York Public Library’s Stephen A. Schwarzman Building when I learned yesterday that Jeff Bezos had bought the Washington Post. Looking around the majestic Rose Reading Room, recently renovated with the help of $100 million from Schwarzman, I thought, this is a moment I’m going to remember.

The business model of a traditional newspaper, like that of a library, is crumbling. Both institutions now require the backing of billionaires.