Bezos and Masthead

  • Aired:  08/14/13
  •  | Views: 34,593

Amazon CEO Jeff Bezos purchases The Washington Post because why the hell not. (3:50)

>> John: WELCOME TO THE DAILY

SHOW.

[ CHEERS AND APPLAUSE ]

MY NAME IS JOHN OLIVER.

I AM STILL SITTING IN FOR JON

STEWART WHO HAS BEEN SPENDING

THE ENTIRE SUMMER AT TRAINING

CAMP WITH THE NEW YORK GIANTS.

APPARENTLY HE'S EXTREMELY HAPPY

AND IN ALMOST CONSTANT PAIN.

OUR GUEST TONIGHT TV LEGEND AND

HOST OF THE NEW SHOW CROWD GOES

WILD ON FOX 1 REGIS PHILBIN IS

HERE.

[ CHEERS AND APPLAUSE ]

OH, YES, INDEED.

WE START TONIGHT WITH THE NEWS

MEDIA.

NOW, PERSONALLY I GET ALL MY

NEWS FROM JON STEWART AND THE

DAILY SHOW.

WHICH IS WHY I HAVE ABSOLUTELY

NO IDEA WHAT'S BEEN HAPPENING

THIS SUMMER.

BUT APPARENTLY SOME PEOPLE GET

THEIR CURRENT AFFAIRS FROM

NEWSPAPERS.

OR AS I LIKE TO CALL THEM PAPER

TELEVISION.

I'M TALKING ABOUT THINGS LIKE

THE "NEW YORK TIMES," THE WALL

STREET JOURNAL, OR WHATEVER THE

[BLEEP] THAT FREE THING IS THAT

PEOPLE SHOVE IN YOUR FACE

WHENEVER YOU GET INTO THE

SUBWAY.

THE POINT IS A FREE PRESS IS OF

COURSE THE BACKBONE OF A

DEMOCRACY.

BUT INCREASINGLY THAT FREE PRESS

HAS HAD QUITE A HIGH PRICE TAG.

>> THE "WASHINGTON POST," THE

CITY'S LEGENDARY YET STRUGGLING

NEWSPAPER SOLD TO ONE OF THE

COUNTRY'S WEALTHIEST MEN,

AMAZON.COM CHAIRMAN JEFF BEZOS.

>> THE "WASHINGTON POST" IS IS

NOW OWNED BY THE HEAD OF AMAZON

AND ITS 14 PRINT SUBSCRIBERS ARE

ALREADY NOTICING ONE DIFFERENCE

BECAUSE THE PAPER NOW COMES IN

LUDICROUSLY WASTEFUL PACKAGING.

BUT I WILL SAY THEY'VE MADE IT

MUCH EASIER TO RETURN THE NEWS

IF YOU DON'T LIKE IT.

STILL, THIS ACQUISITION RAISES

SOME BIG QUESTIONS.

FIRST, HOW DO YOU PRONOUNCE THAT

GUY'S NAME?

(PRONOUNCING IT DIFFERENTLY N) I

DON'T KNOW.

SECONDLY, ARE YOU SURE THAT THIS

IS A GOOD INVESTMENT?

>> FOR 0 YEARS THE "WASHINGTON

POST" HAS BEEN OWNED BY THE

GRAND FAMILY EARNING A

REPUTATION FOR TOP INVESTIGATIVE

JOURNALISM.

BUT LIKE MOST PAPERS, IT

STRUGGLED OVER THE PAST TEN

YEARS.

>> ITS CIRCULATION IS HALF WHAT

IT WAS IN '93.

>> IT LOST MORE THAN $50 MILLION

LAST YEAR.

>> John: OH, MY GOD.

I THINK I GET IT.

THIS IS JUST BEZOS' CAR WASH.

IT'S A FRONT FOR A MASSIVE METH

OPERATION.

SAY HIS NAME IT'S HE EUVMENT

SENBEZOS.

SO IF THIS IS NOT A MONEY MAKER,

WHY IS HE DOING THIS?

>> BEZOS CAN SPEND AN ENORMOUS

AMOUNT OF MONEY ON THE

"WASHINGTON POST" WITHOUT REALLY

TAKING TOO MUCH OF A DENT IN HIS

OWN PRIVATE FORTUNE SO HE HAS

THE LEEWAY TO MAKE MAJOR

EXPERIMENTS.

>> John: NOW IT MAKES SENSE.

HE'S SO RICH IT JUST DOESN'T

MATTER.

IT'S NOT SO MUCH A QUESTION OF

WHY SO MUCH AS IT IS WHY THE

[BLEEP] NOT?

LET'S ALL JUST BE HAPPY THAT ALL

HE'S EXPERIMENTING ON IS PRINT

JOURNALISM AND HE'S NOT SPENDING

$250 MILLION TO CROSS BREED A

ROTWEILLER WITH A PEACH.

DELICIOUS AND VICIOUS.

SAY HELLO TO GEORGIA'S STATE

ANIMAL.

PART OF ME WONDERS, IF HE'S JUST

DOING THIS SO THAT HE CAN RUSH

INTO THE PRINTING ROOM AT 3:00

IN THE MORNING AND SCREAM, "STOP

THE PRESS" AND THEN CHUCKLE TO

HIMSELF AND SAY, IT WAS TOTALLY

WORTH IT AND THEN SHUT DOWN THE

NEWSPAPER.

I COULD UNDERSTAND THAT.

OR MAYBE HE GOT THE IDEA FROM

SOME OF HIS BILLIONAIRE FRIENDS.

>> THE OWNER OF THE BOSTON RED

SOX IS BUYING THE GLOBE.

ERIC CURBNER HAS BOUGHT THE

REGISTER AND BILLIONAIRE WARREN

BUFFET HAS BOUGHT DOZENS OF

PAPERS.

>> John: BASICALLY THERE ARE

MORE PEOPLE CURRENT

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