Don Graham: Bezos will succeed
Aug. 6 (Bloomberg) -- Don Graham, chairman of Washington Post Co., agreed to an in-person interview at the Washington Post’s headquarters in Washington, D.C. He discussed how the Graham family decided on the Post’s sale to Jeff Bezos, the founder and chief executive officer of Amazon.con Inc. and the billionaire’s vision for the future of the newspaper. This is an edited transcript of the questions and his replies.
Clearly this is a momentous day and a huge decision. I’m really interested in how you came to this point.
Don Graham: Katharine, the publisher of the Post, is my niece and the company has been in my family for a little more than 80 years. Katharine and I literally grew up knowing from very little that we were part of this family and we were proud of it. Katharine became the publisher in 2008. Even before then, the Post was going down in revenue. But 2008 and 2009 were horrible years. The revenue has been down significantly for seven years in a row.