Comcast was approached about buying Washington Post




Comcast was approached about buying the

Washington Post

from the Graham family, according to

a

Financial Times

report.

The

FT

article said Comcast CEO Brian Roberts discussed the prospect with his 94-year-old father, Ralph Roberts, last year while Ralph was bedridden with double pneumonia. Father and son agreed that “the newspaper business wasn't a good fit,” Brian Roberts told the

FT.

Amazon founder Jeff Bezos later bought the

Post

, and Comcast made a bid for Time Warner Cable instead. The Time Warner deal is currently being reviewed by federal regulators.


The


FT


report said Brian Roberts' stake in Comcast is worth about $1.2 billion. Because of the company's dual-class share structure, he controls the company though he owns about a third of the voting stock, the article said. (Source:


Financial Times


, Oct. 26, 2014.)

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