Amazon billionaire Jeff Bezos has been weighing a possible acquisition of CNBC, reports Alexandra Steigrad of The New York Post.
Steigrad reports, “The 61-year-old e-commerce magnate has signaled interest to business associates in buying the cable network — home to ‘Squawk Box’ and ‘Mad Money with Jim Cramer’ — after it is spun off by NBCUniversal parent Comcast later this year, according to a person familiar with Bezos’ thinking.
“CNBC would ‘align well with his interests,’ said another source close to Bezos, who noted that the network could serve as a credible ‘neutral voice’ in his media portfolio — a major plus following Bezos’s headaches as owner of the left-leaning Washington Post.
“The Amazon founder has weathered months of headline-grabbing chaos at the iconic newspaper, which has been mired in losses, layoffs and staff protests over his moves to shift the paper’s coverage in a more centrist, pro-capitalist direction.”
Read more here.
