mergers and acquisitions

Jeff Bezos Washington Post Contract

The Washington Post Company filed a Letter Agreement re: Proposed Sale of Post Business. Under this agreement between The Washington Post Company and Nash Holdings LLC, Nash will purchase “all of the issued and outstanding equity interests…of each of WP Company LLC, Express Publications Company, LLC, El Tiempo Latino, LLC, Robinson Terminal Warehouse, LLC, Greater Washington Publishing, LLC and Post-Newsweek Media, LLC” for $250 million in cash.

The media properties included in the sale are The Washington Post newspaper and the newspaper’s internet site; publishing Fashion Washington, Capital Business, the internet sites The Capitol Deal and Service Alley, Express (and its websites and, The Gazette Newspapers (and their website, Southern Maryland Newspapers (and their website, Fairfax County Times (and its website, military newspapers produced by Comprint Military Publications (and their websites and, Apartment Showcase, New Homes Guide, New Condominium Guide, El Tiempo Latino and The Guide to Retirement Living Sourcebook; operating Washington Post Live and Washington Post News Media Services; operating a commercial printing and distribution business and a paper handling and storage business, including Comprint Printing; and the other operations conducted by the Seller and its subsidiaries within Post-Newsweek Media, LLC, Greater Washington Publishing, LLC and Robinson Terminal Warehouse, LLC.

The sale does not include Slate Magazine, Slate V, and Foreign Policy (and the websites related to such publications and operating FP Events) and the other Excluded Assets, which consists of certain real estate, interests in Classified Ventures, LLC, assets not related to the Post Business, and Slate Group LLC assets and businesses.