I’ve been terrible at the photo-a-day concept lately so figured I might as well post some actual words.

Thought Henry Blogdet’s comparison between digital commerce and digital media was interesting:

“Well, for one thing, digital news and ecommerce businesses can be something that no traditional competitor can be: Infinitely broad and infinitely deep. Stores and traditional media properties are limited by space constraints: They either have to be specialized, like Best Buy or Automotive Week, or, generalists, like Walmart or the current Washington Post. Digital businesses don’t have those constraints. They can be both broad and deep.

"Another similarity is that digital news and commerce businesses can be deeply personalized. Just as every return visitor to Amazon sees a different front page, every return visitor to a news site can be presented with a different story selection.

"A third similarity is that, in commerce and media, you don’t have to own the whole market to do well. Tech businesses tend to be winner-take-most. Media and commerce, meanwhile, are vast, fragmented markets in which a small share can eventually become a big business (so you don’t have to totally dominate to win).”

Read the whole thing, it’s worth it: http://www.businessinsider.com/why-jeff-bezos-bought-washington-post-2013-8#ixzz2bCHPj3iR