Axios: Kara Swisher seeking investors to buy WaPo from Bezos
Axios - Scoop: Kara Swisher's long-shot Post bid
Mike Allen
6 hours ago
Kara Swisher, the popular podcaster and pioneering tech journalist, is trying to round up a group of rich people to fund a bid for the Washington Post, she told us.
One big problem: Jeff Bezos, the owner, has shown no interest in selling.
Why it matters: Swisher who started in the Post mailroom, and became an early tech reporter at the paper (and later one of the first at The Wall Street Journal) believes the Amazon founder will eventually want to sell, since the paper has become a managerial nightmare.
Like many, Swisher thinks Bezos should sell since he has other financial and personal interests like space tech that are more important to him, and can conflict with his Post ownership.
-"The Post can do better," she told us. "It's so maddening to see what's happening. ... Why not me? Why not any of us?"
The backstory: Oliver Darcy reported this fall in his newsletter, Status, that Swisher was "interested in assembling a consortium of wealthy investors to make a bid for the paper."
-Since then, a banker who worked with Swisher in the past has been helping her think through how to move the idea forward.
-The storied paper would be run by a board of civic-minded people willing to write a big check to be part of something important. She'd be open to Bezos remaining a partial investor.
/snip
(I changed the headline to be more descriptive of what the story was about)
Probably a pipe dream, but it would be great to wrest control back to civic-minded ownership.