Posted on 11/01/2007 6:53:34 AM PDT by abb
Washington Post 3rd-Quarter Profit Dips in Part on Higher Operating Expenses
WASHINGTON (AP) -- Newspaper publisher Washington Post Co. said Thursday its third-quarter profit edged down 1 percent, partly on higher operating expenses and soft revenues from newspaper publishing and television broadcasting. Earnings after preferred dividends slipped to $72.2 million, or $7.60 per share, compared with $73.1 million, or $7.60 per share, in the prior year.
Per share results reflected fewer outstanding shares in the latest quarter.
The current quarter's results included a $5.9 million, or 62 cents per share, gain on the sale of property at its television station in Miami.
Operating expenses grew to $912 million from $838.2 million.
Quarterly operating revenue climbed 8 percent to $1.02 billion on growth from its education and cable television divisions.
Revenues from newspaper publishing, television broadcasting and magazine publishing all declined.
ping
When I first moved to the DC area in ‘77, the Post was getting ready for a printer’s strike; one of us found among the classified a small ad that read in caps, “F*CK THE POST UP THE A**!”
People are getting sick of the socialist shilling propaganda.
Doesn’t the all knowing, all wise, all seeing Washington Post know that there is no such thing as profit under the communism they are selling?
Warren Buffet, the whoreacle from Omaha, takes another hit in the underwear of the owners of his fund.
Hey WaPo, Makaka!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.