Jeff Bezos says The Washington Post can be successful if it adopts Amazon’s business philosophies

Amazon founder and CEO Jeff Bezos has given his first interview since acquiring The Washington Post for $250 million. Speaking with (not surprisingly) a reporter from The Washington Post, Bezos said he would run the newspaper with the same strategy and principles as Amazon.

“We’ve had three big ideas at Amazon that we’ve stuck with for 18 years, and they’re the reason we’re successful: Put the customer first. Invent. And be patient,” he said. “If you replace ‘customer’ with ‘reader,’ that approach, that point of view, can be successful at The Post, too.”

Bezos emphasized that he wouldn’t be involved in the day-to-day decisions at The Washington Post though. Instead, he will be giving advice “from a distance” and financial support so that the existing management team can experiment with new business models.

➤ Jeffrey Bezos, Washington Post’s next owner, aims for a new ‘golden era’ at the newspaper (via The Verge)

Image Credit: EMMANUEL DUNAND/AFP/Getty Images