WaPo's Biggest Asset: A Massive Pension Fund

One overlooked factor in the sale of the Washington Post, announced on Monday: a massively overfunded pension plan. With $2.07 billion in assets and facing $1.47 billion in pension liabilities, the plan is overfunded to the tune of $604 million. The Post’s next owner, Amazon founder Jeff Bezos, agreed to pay $250 million for the Post and other publishing businesses owned by the Washington Post Co. You do the math.