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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