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Jeff Bezos might end up buying CNN —- that could be a nightmare for the media

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A Bezos owned CNN and a Bezos owned Washington Post would essentially create a monopoly of epic proportions that we’re not even sure would be allowed in the United States. But according to numerous media reports —- billionaire Amazon owner Jeff Bezos may be gearing up to buy CNN and its many under-properties.

Reports say that AT&T is trying to shed some of its debt class as some of its properties are absolutely riddled with large sheets. CNN, however, has been sufficiently profitable but they are seeking to lessen the burden amongst themselves and step away from things that may be controversial.

The going price? Analysts say that Bezo’s would have to fork over well beyond $10B for the massive news site.



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