Home » Behavioural Investing » Amazon to capture book reviews with Washington Post $AMZN $NYT

Amazon to capture book reviews with Washington Post $AMZN $NYT

Jeff Bezos using some loose change he found in one of his coats bought the Washington Post. Old news. Everyone believes he is positioning himself for political power. Which might be somewhat correct.

But consider this speculation in the world of publishing. the old system had gate keepers and middlemen who did quite well. Publishers, editors, agents who would score very nicely with best sellers and near best sellers.

Entire Amazon and disrupt the industry to the point where many of the old school are utterly confused and have no vision. They cannot even pick JK Rowling out of the slush pile when given the opportunity.

One of the gate keepers has been the best seller lists maintained by the large newspapers. NY Times best seller list being the gold standard. This item is not under the control of Amazon and focuses on big dog authors doing big dog sales.

The indie market is much bigger. More hamburger is sold than filet minion.  But NY Times is not about hamburger.

Amazon just bought out Goodreads a few months ago.

Watch for a repurposing at Washington Post to match Amazons publishing ambitions and bringing more independent authors to the lime light. This is make it more compelling to read Washington Post and drive sales at Amazon.

But I’m just speculating. But it does create a virtuous circle of self sustaining activity which otherwise did not exist. The literary sections of many papers have been labours of love and chronically unprofitable. Watch for changes.

George Gutowski writes from a caveat emptor perspective.

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