“He Says There Are Business Pillars From Amazon.com That Can Apply To The Newspaper Industry”

You can’t fret too much about what Jeff Bezos aims to do with the Washington Post because the paper’s only plans before its sale were funeral plans. His experimentation with a last-legs property is the best-case for all involved–and we’re all involved. From an ABC News interview with him:

“While Bezos doesn’t plan to turn one of the nation’s leading newspapers into a shopping site, he certainly plans to get more out of the business and he says there are business pillars from Amazon.com that can apply to the newspaper industry

‘The big things that we focus on at Amazon, those serve the Amazon customers well and they would transfer to other kinds of businesses,’ Bezos said in a sit-down interview with ABC News earlier. ‘The first thing is put the customer first. If you have a party, are you holding the party for your guests or for yourself?

‘Sometimes people hold parties and they pretend it is for their guests, but they are holding it for themselves. The second is we like to invent. The third piece is we are willing to think long term.’

‘Customer centricity, willingness to invent and willingness to be patient,’ Bezos said, citing tenets that were applicable to a number of industries when asked directly how he could bring aspects of Amazon’s business to the newspaper and media business.

Ultimately, we don’t know much about what Bezos, whose net worth is said to be $27.2 billion, will do tactically at the Post, but it is clear that, above all, he is dedicated and focused on bringing the paper into the 21st century.”

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