Home' Trinidad and Tobago Guardian : August 8th 2013 Contents A27
Thursday, August 8, 2013 www.guardian.co.tt Guardian
Applications will be accepted from ten (10) working days prior to the auction date. The
deadline for submission of tenders to the Domestic Market Operations Department of the
Central Bank is 12:00 noon on the auction date.
Central Bank of Trinidad
and Tobago and must accompany each tender. Cheque payments must be submitted no later
than three (3) working days prior to the auction date.
Competitive tenders can be submitted for any amount up to the issue size and must state the
price the bidder is willing to pay for each $1,000 of the face value being applied for. Competitive
bids may be rejected if the face value of the entire issue is allocated at higher bid prices or if
made to a bid that is rejected.
bidder agrees to accept the weighted average price of the successful bids determined in the
For competitive tenders, payments must be in the amount of the total cost of the bills; for
non-competitive tenders, payments will be equivalent to the face value being applied for.
The Central Bank of Trinidad and Tobago invites tenders
from the public for the following issue:
TREASURY BILL AUCTION
Results of Tender for Treasury Bill number 1394:
www.central-bank.org.tt/content/treasury-bills or call
WASHINGTON---The sale of The
Washington Post to Amazon.com
founder Jeff Bezos rocked the
world of journalism, but it was
also a shock to the community
where it s published: The home-
town newspaper of the US capital
is no longer locally owned.
The newspaper, which uncov-
ered the Watergate scandal that
led to President Richard Nixon s
resignation, is known around the
world for its US and international
But for many Washingtonians,
the newspaper that lands on their
doorsteps each morning is a valued
source of local news about the
small capital city and its vaster
suburbs in Virginia and Maryland.
The violent crime plaguing many
neighbourhoods, the struggle of
local public schools---even the
vibrant restaurant scene---are often
front-page topics in The Wash-
City leaders are watching to see
if this tradition will continue under
the paper s new owner from the
West Coast. The Graham family,
which controlled Washington Post
from 1933 until the announcement
Monday of the sale to Bezos, has
been known for its engagement in
city affairs, pushing for urban
renewal and education reform,
among other causes. While some
local leaders say they are saddened
by the sale to an out-of-town
businessman, their feelings are
mixed with hope that Bezos---who
plans to continue living in Seat-
tle---will safeguard the paper s jour-
"I was not prepared to see my home-
town newspaper, which has outlived
its rivals, sold to somebody from across
the other side of the world as far as we
are concerned," said Delegate Eleanor
Holmes Norton, the capital s veteran
congressional representative and a
The paper s sale was such a closely
held secret that it s not clear whether
there were any potential local buyers.
The Post reported that investment firm
Allen & Co. met with about half a dozen
suitors, but it did not name them.
Barbara Lang, president of the local
chamber of commerce, praised the Gra-
hams deep personal investment in the
community, but noted that the realities
of business are unavoidable.
"The Grahams were so engaged in
the District of Columbia and this region
and really cared about this city," she
said. "Having somebody local replace
them would have been nice, but in the
world of business, you have to take the
best deal that you can find."
When Eugene Meyer bought the Post
at a bankruptcy auction in 1933, he laid
out his vision for a civic-minded paper.
Philip Graham, Meyer s son-in-law
who succeeded him as publisher, print-
ed a series of articles in 1952 lamenting
urban blight in the nation s capital.
With the culmination of the series,
Graham brought civic leaders together
to form the Federal City Council---a
group that continues today, seeking to
bridge the gaps between the local gov-
ernment, the federal government and
the private sector to improve the city.
His son, Donald Graham, remains a
trustee of the council. Before he became
publisher, Donald Graham worked for
a year and a half as a Washington police
officer to become more familiar with
the city and its residents.
His niece, Katharine Weymouth, is
now publisher, and Bezos has asked
her to continue in that role.
As its hometown daily slips out of
local control, Washington is experi-
encing what many other American
cities have undergone since newspaper
chains began to develop and spread
their reach in the 20th century. Only
a handful of major newspapers are still
owned by local families, including
Bezos hometown newspaper, the Seat-
The New York Times, still controlled
by the Sulzberger family, last week said
it was selling The Boston Globe to
Boston Red Sox owner John Henry.
Sally Quinn, a longtime Post writer,
wife of former executive editor Ben
Bradlee and a prominent Washington
hostess, has long lamented the decline
of the city s social and philanthropic
scene, in which former Post publisher
Katharine Graham was a major figure.
But Quinn said securing the news-
paper s future was more important than
maintaining local ownership. She and
her husband are encouraged by the sale
to Bezos, she said.
"Local doesn t matter. What matters
is that you ve got someone with integri-
ty who cares about the journalism,"
Quinn said. "Washington was a small
town then, and in some ways it is now,
but communications and the media
have changed so much that nothing is
local anymore." (AP)
Post sale to Bezos ends era of local ownership
In this Wednesday, May 8, 1991, file photo, Katharine Graham,
Chairman of the Washington Post poses with her son publisher Donald
Graham, left, and Ben Bradlee, executive editor of the post, in her office
in New York City. AP PHOTO
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