This blog covers FRESH and INTERESTING 21st century legal issues in a variety of areas including patent, trademark, copyright, IT, (social) media law, online piracy, and music law. You are welcome to post comments. You can email me at: email@example.com
Jeffrey Bezos buys the Washington Post for $250 million
Despite the fact that
Amazon lost $39 million last year, Jeffrey Bezos, CEO and founder of Amazon, has bought
the Washington Post for $250 million.
"Amazon.com founder Jeffrey Bezos, who revolutionized the book business, isnow aiming to do the same with one of the
nation's most storied newspapers"said the Los Angeles Times.
It also has to be noted that "Seattle-based Amazon will have no role in the purchase;Bezos himself will buy the news
organization and become its sole owner (emphasis added) when the sale
is completed, probably within 60 days" explained the Washington
Here is theletterto Washington Post employees:
"To the employees of The Washington Post:
You’ll have heard the news, and many of
you will greet it with a degree of apprehension. When a single family owns a
company for many decades, and when that family acts for all those decades in
good faith, in a principled manner, in good times and in rough times, as
stewards of important values – when that family has done such a good job – it
is only natural to worry about change.
So, let me start with something critical.
The values of The Post do not need changing. The paper’s duty will remain to
its readers and not to the private interests of its owners. We will continue to
follow the truth wherever it leads, and we’ll work hard not to make mistakes.
When we do, we will own up to them quickly and completely.
I won’t be leading The Washington Post
day-to-day. I am happily living in “the other Washington” where I have a day job that I
love. Besides that, The Post already has an excellent leadership team that
knows much more about the news business than I do, and I’m extremely grateful
to them for agreeing to stay on.
There will of course be change at The
Post over the coming years. That’s essential and would have happened with or
without new ownership. The Internet is transforming almost every element of the
news business: shortening news cycles, eroding long-reliable revenue sources,
and enabling new kinds of competition, some of which bear little or no
news-gathering costs. There is no map, and charting a path ahead will not be
easy. We will need to invent, which means we will need to experiment. Our
touchstone will be readers, understanding what they care about – government,
local leaders, restaurant openings, scout troops, businesses, charities,
governors, sports – and working backwards from there. I’m excited and
optimistic about the opportunity for invention.
Journalism plays a critical role in a
free society, and The Washington Post -- as the hometown paper of the capital
city of the United States
-- is especially important. I would highlight two kinds of courage the Grahams
have shown as owners that I hope to channel. The first is the courage to say
wait, be sure, slow down, get another source. Real people and their
reputations, livelihoods and families are at stake. The second is the courage
to say follow the story, no matter the cost. While I hope no one ever threatens
to put one of my body parts through a wringer, if they do, thanks to Mrs.
Graham’s example, I’ll be ready.
I want to say one last thing that’s
really not about the paper or this change in ownership. I have had the great
pleasure of getting to know Don very well over the last ten plus years. I do not
know a finer man.
Fresh and interesting article posted by WIPR concerning a European patent for a "device for preparing a drink extracted from a capsule", owned by Ethical Coffee Company (ECC). As you all know, Nespresso machines brew espresso from coffee capsules, a type of pre-apportioned single-use container of ground coffee and flavorings. In the case at hand, ECC, a Swiss Company, also creating capsules compatible with Nespresso machines, is suing Nestlé, in Paris, for alleged patent infringement. In other words, ECC is not happy with the way Nestlé modified the Nespresso machines back in 2010, keeping competitors’ capsules out of them and, more importantly, violating the patented "harpoon mechanism".
Fresh and interesting article posted on the IPKat about patent trolls/PAE/NPE and how the U.S. is willing (trying?) to tackle them.
"At 6:30AM the planes started taking off from San Jose's airport. Turns out the hotel is in a flight path. Win. Normally, this would have woken the AmeriKat but she was already wide awake. Was it the thrill of turning a year older? Unlikely. Was it the jet lag? Maybe. Was it the excitement of being in a valley so inundated with innovation you can't swing a Kat without hitting a patent? Most definitely. January is almost always an incredibly bleak month in northern Europe (weather wise). Cold, dark, rainy and miserable. So the AmeriKat has decided to perk up her whiskers by taking a dose of California sun and American innovative spirit by relocating to Silicon Valley where she reports on the latest goings-on in the world of US patent litigation.
Much ado about the patent troll problem: Earlier this month, an analysis…