The Washington Post Co. will sell its flagship newspaper and one of the most respected news organizations in the country to founder Jeffrey P. Bezos, the company announced in a press release. The Post has been a family-owned business for four generations.

Amazon, the company said, will play no role in the purchase. Bezos is making the purchase personally.

Columbia paper shows circulation, revenue increase

May 7, 2012

The report the Audit Bureau of Circulations released earlier this week shows increase in papers’ revenues throughout the country.