Are we not in the digital age? Why would someone who could afford to buy absolutely anything choose to buy The Washington Post? Amazon founder Jeff Bezos’s purchase of the paper certainly had tongues wagging and keyboards clacking. Was it to be closer to the seat of political power? A vanity move? A way to sell more Kindles (yeah, probably not that one– though it was mentioned!) Any of the speculated ulterior motives could be true. But the real story here is that someone who revels in showing off that he can build a business where others say its impossible just took on one such impossible project. Bezos isn’t the only newspaper buying billionaire out there (hello, Boston Red Sox owner John Henry and Warren Buffett) but he is the only one with the chops to potentially transform this dying industry. CIOs keep an eye on this, we may be about to witness a clinic in digital disruption. Also in this week’s Searchlight: talking trash about big data (litterally), what CIOs are doing wrong now and more.
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