Publisher Katharine Weymouth and chief executive Donald Graham break the news about the sale to Washington Post employees Monday. (Marvin Joseph/The Washington Post)

Sometime in coming weeks, the Washington Post Co. will relinquish its namesake newspaper, thus ending hometown ownership of the Post — and leaving D.C., for the first time in modern memory, without a locally-owned daily newspaper. The $250 million sale takes the paper out of the control of the Graham/Meyer family, who in their 80 years of ownership built the paper from an also-ran into a dominant force in national journalism and the civic life of Washington. The profits from the newspaper and the larger company it helped build were in part plowed by the Grahams back into the community, through grants to worthy charities and scholarships for needy young Washingtonians. The new owner is Amazon founder and chief executive Jeff Bezos, who said he will remain living in “the other Washington” and take no role in the daily operations of the paper. But take heart in this message: “Our touchstone will be readers, understanding what they care about – government, local leaders, restaurant openings, scout troops, businesses, charities, governors, sports – and working backwards from there. I’m excited and optimistic about the opportunity for invention.”

In other news:

The Post could soon have a new home — perhaps in NoMa, on the Southwest Waterfront or near the Navy Yard (Capital Business)

But we’re not going anywhere for at least a couple of years (WBJ)

Vince Gray should announce his LRAA intentions sooner rather than later (Post editorial)

In fourth apparent suicide since November, D.C, jail inmate found hanged Monday afternoon (Post)

DYRS: Juvenile rearrests have been cut in half in two years (D.C. Crime StoriesDCist)

Sierra Club leader hails soccer deal, says Buzzard Point siting will help preserve Poplar Point (Post letter)

Credit-card deadline means cabbies have to make high-stakes business decisions very soon (TheFightBack)

DCHA eyes redevelopment of headquarters site (Housing ComplexWBJ)

It’s official: Donald Trump controls the Old Post Office (WBJ)

Vincent Gray is noncommittal on a higher minimum wage (WAMU-FM)

Four-year-old dies in Northeast of undetermined causes (Post)

Ingmar Guandique’s lawyers say prosecutors have not been playing fair (Legal Times)

Lamond Riggs to get 73 luxe townhomes (Where We Live)

James Bunn wake set for Thursday, funeral Friday (Post)

Tabard Inn employees start organizing to buy the business (DCist)

Mayoral candidate Christian Carter still hasn’t paid his subcontractors (Loose Lips)

Teenager’s testimony provided key break in firefighter’s killing (WaTimes)

City inspector is charged with accepting $2,000 from day-care owner; plea is expected (D.C. Crime Stories)

The deal that replaced an Adams Morgan gas station with 36 condos (GGW)

Park Service will continue to study Kenilworth landfill site (WUSA-TV)

A D.C. judge’s vision of how technology will transform the courthouse (Judges’ Journal)

Zillow’s latest (under-)valuation of the White House: $320 million (Moneybox)

Lawyer dies a month after being struck by dump truck on Massachusetts Avenue (DCist)

Marine’s murder trial postponed till November (Metro Weekly)

Dance Place is expanding its operations (WTOP)

D.C. favorite Arthur Treacher’s/bulgogi joint is losing the fried fish (PoPville)

The gentrifier’s shorthand (Post)

Tonight is the annual National Night Out (MPD)