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Business trends

Jeff Bezos 'super optimistic' about paid-for journalism

Media heavyweights gather in Turin to discuss the newspaper's future

Jeff Bezos, CEO of Amazon and publisher of the Washington Post, speaks at the Future of Newspapers conference in Turin, Italy, on June 21. (Photo by Ken Moriyasu)

TURIN, Italy -- There was a time when printing a newspaper was a lucrative business. Large media organizations would invest in huge printing facilities and open overseas bureaus, making it difficult for newcomers without capital to compete. Those days are long gone.

Today, in an age when many people get their news through Facebook, Google News, Snapchat or WeChat, mostly for free, newspapers are struggling to remake their business models.

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