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Transcripts For CNBC Squawk Box 20130806

Buying the Washington Post newspaper for 250 million. This deal ends the graham familys 80 years of ownership. He calls this acquisition a personal endeavor. Not amazon money hes using, this is his very own. And chairman and ceo don graham talking about this deal. Jeff reached out to me less than a month ago. We met at a Conference Face to face, twice, the second week in july. We spent an hour together. He asked for time to study the numbers, we then spent another two hours together. And at the end of it, he said he thought he wanted to go ahead, but he obviously, he and his team needed time to look over the business and understand it more thoroughly. And then we he did and we quickly reached a deal. Shares of Washington Post climbing to the highest level in almost five years. 588 and change. Almost up 20 on this news. And this is something that were really focused on just because of the journalism and everything. We have to. But the graham family. The graham family, giving it up after

Headwaters Music and Arts to host Kelley Smith concert

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