Thursday, January 23, 2014

Bezos Trades Up

We've deconstructed Ezra Klein here a few times, mostly because he has infected Bloomberg, which I stare at all day long.  I early concluded that Ezra was a mediocrity and I was bewildered at his following and vaunted status as a commentator.  The Washington Post could have done the whole "addition by subtraction thing" in getting rid of Klein but new owner Jeff Bezos appears to have done better than that, which one would expect from a bazillionaire.  David Catron outlines the trade.
But Bezos is no dummy. He didn’t earn enough money to buy one of the country’s most respected publications by making dumb decisions. Interestingly, on the same day that Klein’s departure was confirmed, the Post also announced a partnership with The Volokh Conspiracy. Eugene Volokh and his co-conspirators have been “lawblogging” since Klein was in high school, and enjoy a vast national readership. All of which suggests that, rather than committing a blunder, Bezos has traded up.
Only 117 more trades like this and the MSM might be looking at having a future.

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