Photo illustration: Aïda Amer/Axios. Photo: Jamie McCarthy/Getty Images
Kara Swisher, the popular podcaster and pioneering tech journalist, is trying to round up a group of rich people to fund a bid for the Washington Post, she told us.
- One big problem: Jeff Bezos, the owner, has shown no interest in selling.
Why it matters: Swisher — who started in the Post mailroom, and became an early tech reporter at the paper (and later one of the first at The Wall Street Journal) — believes the Amazon founder will eventually want to sell, since the paper has become a managerial nightmare.
Like many, Swisher thinks Bezos should sell since he has other financial and personal interests — like space tech — that are more important to him, and can conflict with his Post ownership.
- "The Post can do better," she told us. "It's so maddening to see what's happening. ... Why not me? Why not any of us?"
The backstory: Oliver Darcy reported this fall in his newsletter, Status, that Swisher was "interested in assembling a consortium of wealthy investors to make a bid for the paper."
- Since then, a banker who worked with Swisher in the past has been helping her think through how to move the idea forward.
- The storied paper would be run by a board of civic-minded people willing to write a big check to be part of something important. She'd be open to Bezos remaining a partial investor.
In Swisher's recent memoir, "Burn Book," she recalled imploring former Post publisher Don Graham to pay more attention to the coming digital revolution.
- She's busy as a CNN contributor, host of the "Pivot" podcast with Scott Galloway and her solo "On with Kara Swisher," and editor-at-large for New York Magazine.
- But she has ideas for innovative people who could energize the newsroom, and move the business side toward break-even.
The bottom line: Swisher is confident the money is there. But Bezos would have to want to sell. And she notes there would surely be a long line of other suitors, including giant private equity firms and other power-minded billionaires.
- "Hopefully not Elon," Swisher added, "though he seems pretty busy these days being President (Not) Elect."
🔎 Between the lines: The paper's great quest for an executive editor, once Ben Bradlee's job, has ended with a whimper.
- Matt Murray, originally named to the job through the election, on Thursday announced the newly formed masthead position of standards editor — to be held by Karen Pensiero, who worked for Murray as a managing editor when he was editor-in-chief of the Wall Street Journal.
- The appointment was intended to signal Murray is there to stay after a high-profile external search.
Go deeper
Scoop: Top editors stiff the Washington Post
Illustration: Annelise Capossela/Axios
The situation at the Washington Post is so dire that two candidates to run the paper — Cliff Levy of the New York Times and Meta's Anne Kornblut, a former Post editor — both withdrew from consideration for the top newsroom job over the paper's strategy, sources involved in the process say.
Why it matters: The Post is scrambling to find a new executive editor, the chair once held by Ben Bradlee, amid shrinking paid readership and revenue. Publisher and CEO Will Lewis, handpicked by owner Jeff Bezos to save the Post, hasn't impressed the candidates with his vision for the future, the sources tell us.