In an announcement that shocked readers and employees, Washington Post officials confirmed Monday that they are selling the paper to Amazon.com founder Jeff Bezos.
The parent company of Lord & Taylor is buying Luxury retailer Saks for about $2.4 billion. The news comes a little more than a month after reports surfaced that Hudson's Bay was interested in buying Saks.
Tribune Co. says it has reached a deal to buy Local TV Holdings LLC's 19 TV stations for $2.73 billion in cash.
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