Financier Eugene Meyer bought the bankrupt Washington Post at auction in 1933 for $825,000. He gave control of the company to his daughter Katharine's husband Philip Graham in 1946. Katharine Graham (d. 2001) took over the company in 1963 following her husband's suicide and began building it into one of the most prestigious news operations in the country, overseeing an era that included huge stories like the release of Pentagon Papers and the Watergate revelations. Katherine's son Donald took over as publisher in 1979. The longtime Post owners sold the newspaper to Amazon's Jeff Bezos for $250... Read More
Financier Eugene Meyer bought the bankrupt Washington Post at auction in 1933 for $825,000. He gave control of the company to his daughter Katharine's husband Philip Graham in 1946. Katharine Graham (d. 2001) took over the company in 1963 following her husband's suicide and began building it into one of the most prestigious news operations in the country, overseeing an era that included huge stories like the release of Pentagon Papers and the Watergate revelations. Katherine's son Donald took over as publisher in 1979. The longtime Post owners sold the newspaper to Amazon's Jeff Bezos for $250 million in 2013, but the Graham family --under the umbrella of publicly traded Graham Holdings - still owns Slate and Foreign Policy magazines, plus test-prep business Kaplan, which accounts for $2.2 billion of the company's $3.5 billion in revenue. An estimated 5 family members share the fortune. Read Less
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