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JT45242

(3,125 posts)
Fri Oct 25, 2024, 07:56 PM Oct 2024

Bezos and the Washington Post group ..irony

I was working for Kaplan test prep when Bezos bought the Washington Post group. We had a lot of meetings about the change in ownership.

We were told that the two key pieces he wanted were Kaplan College (the for profit college that was basically printing money at the time) and the test prep company. Although test prep was strong, they wanted to cut costs so they ended up closing storefronts with the idea that they would save money by renting conference rooms only when they needed them or by using college classrooms (or HS) by giving some incentive like one free person to the prelaw club for every ten students if they got us a location on campus.

We were told that Bezos was looking to sell off the Washington Post and all other print media because he thought print media was dying and would not be profitable enough. Even the college guides.

Ironically, Kaplan college was problematic because of predatory lending and he has now used the Washington Post to prop up people who give him tax breaks. They eventually sold off Kaplan college locations to Purdue and that is why there are so many satellite locations for Purdue now

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Bezos and the Washington Post group ..irony (Original Post) JT45242 Oct 2024 OP
Very interesting. Easterncedar Oct 2024 #1
MORE irony!!! elleng Oct 2024 #2
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