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Is Newsweek/Wash Post a publicly held company? Newsweek is a subsidiary of the Washington Post Company.
Fundamental Data - WASHINGTON POST CO CL B
Security Type Equity
Shares Issued 9,592,000
Year High 999.50
Year Low 810.01
Annual Earnings/Share 35.3100 U
P/E Ratio 32.96
Annual Dividend/Share 7.4000 U
Annual Dividend Yield 0.90 %
Ex Date 2005-04-27
It would appear here that some are at a loss to understand the situation, so let me add a bit of clarity. WPO's shareholders didn't buy the stock out of patriotism, they bought it out of capitalism. WPO (and by extention Newsweek, Inc.) have a responsibility to show dollars to their shareholders. They do that the old fashioned way by selling copy and selling advertisments in those copies. A cover story about an American flag in the garbage can isn't going to move a whole lot of copy stateside. Conversely, I'm sure it sold like cold beer on a hot day elswhere. People in the states would rather read about the oscars. There's a reason WPO earns $30+/share. It's not because they're stupid.