Amazon's Jeff Bezos buys The Washington Post for $250 million in CASH
The sale ends the Graham family's eight-decade ownership of the Post, which is one of the oldest newspapers in the country
News of the sale comes two days after The Boston Globe was sold for $70 million
Bezos, 49, has an estimated net worth of $25.2 billion
The sale came as a complete shock to employees of the Post
Bezos told Post employees that the 'values' of the newsroom will stay the same but there will be a renewed focus on innovative ways to cover the news going forward
Katherine Weymouth will stay on as CEO of Washington Post Media and publisher of The Washington Post
