Tue Aug 6, 2013 AT 7:12 AM EDT
The Washington Post said Monday that it has been sold for $250 million to Amazon founder Jeff Bezos, ending the Graham family’s stewardship of one of America’s leading news organizations after four generations. Bezos is purchasing The Post in his individual capacity; Amazon.com, Inc. is not involved, according to Politico. Publisher Katharine Weymouth will stay on as publisher, and editor Martin Baron will also retain his job, reports the Huffington Post. The Washington Post Company’s other media properties, such as Slate and Foreign Policy Magazine, are not being sold, reports the Wall Street Journal.