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Timeline: Notable events in Washington Post history Inc founder Jeff Bezos announced on Monday that he has agreed to buy the newspapers owned by The Washington Post Co for $250 million. Here are some notable events in the history of the company since the founding of its flagship daily in 1877:

1933 - Financier and former chairman of the Federal Reserve Eugene Meyer buys the Washington Post at a bankruptcy auction. His daughter, Katharine Graham, would go on to lead the company through its coverage of the Watergate scandal.

1946 - Philip L. Graham, who had married Katharine in 1940, takes over the company, which incorporates as the Washington Post Co the following year.

1961 - Purchase of Newsweek magazine.

1963 - Philip L. Graham commits suicide with a shotgun; Katharine Graham becomes president of the Washington Post Co.

1971 - Katharine Graham takes the Washington Post Co public with the sale of Class B stock at a price of $26 per share.

1972 - The Washington Post publishes the first article concerning a break-in at the Democratic National Committee's office at the Watergate complex. Subsequent coverage by reporters Bob Woodward and Carl Bernstein that detail a connection to the White House is instrumental in President Richard Nixon's resignation in 1974.

1973 - Warren Buffett makes his first purchase of Washington Post stock. The company becomes a permanent holding of Buffett's Berkshire Hathaway.

1980 - The Washington Post publishes Janet Cooke's story on an 8-year-old heroin abuser that goes on to win the Pulitzer Prize. The award is later stripped after it becomes clear that the subject of the story did not exist.

1984 - The company purchases Stanley H Kaplan Education Centers Limited for $45 million.

1986 - Company purchases cable systems serving 350,000 subscribers from Capital Cities/ABC for $350 million, making it the 20th-largest U.S. cable company.

2008 - Katharine Weymouth, Katharine Graham's granddaughter, takes over as publisher of the Washington Post.

2010 - The company sells Newsweek magazine to Sidney Harman for $1.

2013 - founder Jeff Bezos agrees to buy the Washington Post for $250 million in cash.

[Source: Reuters, New York, 05Aug13]

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small logoThis document has been published on 06Aug13 by the Equipo Nizkor and Derechos Human Rights. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.