Washington Post software deal a double win for Bezos
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BILLIONAIRE Jeff Bezos scored a double win this week as The Washington Post, the newspaper he bought in 2013, signed its biggest contract to date to sell Web publishing tools mostly hosted by Amazon.com Inc, the company he founded and runs.
The deal, with Los Angeles Times-parent tronc Inc, is a boost for TheWashington Post as it looks to branch out from its core news business against a backdrop of falling advertising revenue for traditional media. The newspaper's year-old service, called Arc Publishing, now has about a dozen clients and is aiming for US$100 million in annual revenue. Mr Bezos bought the Washington Post for US$250 million four years ago in a private deal not related to Amazon. "Thanks LA Times for choosing WaPo's Arc Publishing for your digital platform, and kudos to tech team at The Post!" Mr Bezos posted on Twitter on Monday.
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