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Tag: Amazon (1-2 of 2)

Amazon CEO plans drone delivery system


In the near future, your Amazon packages may be arriving via drone.

The  founder and CEO of Amazon, Jeff Bezos, announced the innovation to Charlie Rose on Sunday night’s  60 Minutes. The online retailer hopes to accelerate delivery time significantly with the new system, called Amazon Prime Air.

“We can do half hour delivery and we think we can carry objects up to five pounds,” Bezos told Rose. But don’t expect your new toaster to arrive via unmanned drove immediately — it won’t be available for another “four or five years.”

According to their website, “Putting Prime Air into commercial use will take some number of years as we advance the technology and wait for the necessary FAA rules and regulations.”

Amazon founder Jeff Bezos buys Washington Post

Jeff Bezos, the founder who helped bring books into the digital age, is going after another pillar of “old media”: the newspaper.

Bezos is buying The Washington Post and other newspapers for $250 million, The Washington Post Co. announced Monday. Bezos is buying the paper as an individual. Inc. is not involved.

Washington Post chairman and CEO Donald Graham called Bezos a “uniquely good new owner.” He said the decision was made after years of newspaper industry challenges. The company, which owns the Kaplan education business and several TV stations, will change its name but didn’t say what the new name will be.

Bezos said in a statement that he understands the Post‘s “critical role” in Washington and said its values won’t change.

“The paper’s duty will remain to its readers and not to the private interests of its owners,” Bezos said to Post employees in a letter distributed to the media. “We will continue to follow the truth wherever it leads, and we’ll work hard not to make mistakes. When we do, we will own up to them quickly and completely.”

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