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Washington Post's profits dive by 50%
Guardian ^ | 8/5/11 | Mark Sweney

Posted on 08/05/2011 7:15:53 PM PDT by Nachum

The Washington Post has reported a 50% plunge in profits for the second quarter of 2011, as advertising revenue at its print and online businesses suffered double-digit declines. The Washington Post Company, which is quoted on the New York Stock Exchange, also reported that its education unit, Kaplan, had a tough quarter, with operating income plunging 82% to $20.5m and revenues falling 15% to $628.7m. Overall profits at the Washington Post Company for the three months to the end of June were $45.6m, a 50% decline on the $91.9m the company reported in the same period last year.

(Excerpt) Read more at guardian.co.uk ...


TOPICS: Business/Economy; Front Page News
KEYWORDS: dive; greenshoots; liberalmedia; newspapers; posts; profits; washington
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To: Nachum

good.


21 posted on 08/05/2011 7:40:10 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Nachum

Couldn’t happen to a better rag than the Washington *beeeep*


22 posted on 08/05/2011 7:43:24 PM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: Nachum; All

Considering their involment in operation gunwalker, it could not happen to a more deserving group:

http://www.freerepublic.com/focus/f-news/2759000/posts


23 posted on 08/05/2011 7:54:00 PM PDT by marktwain (In an age of universal deceit, telling the truth is a revolutionary act.)
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To: marktwain
involment should be involvement.
24 posted on 08/05/2011 7:54:49 PM PDT by marktwain (In an age of universal deceit, telling the truth is a revolutionary act.)
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To: Nachum

Best new of the day.....considering all of the $hit.


25 posted on 08/05/2011 7:56:56 PM PDT by RushIsMyTeddyBear (Mr. Weiner...Don' t Tweet your meat. It's too late to delete!)
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To: Nachum

The Washington Post had Robert McNamara on their Board of Directors. Tells you all you need to know.


26 posted on 08/05/2011 7:57:03 PM PDT by laconic
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To: Nachum
Look for a newspaper stimulus package from obamma. He's got 2.4 trillion dollars of play money now.
27 posted on 08/05/2011 8:06:37 PM PDT by rawhide
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To: Nachum

Fantastic news. The Slimes, Boston Globe and the Compost are the axis of evil. Their end is in sight. Hope this trend continues!


28 posted on 08/05/2011 8:19:32 PM PDT by crusader71
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To: Nachum

Content, content, content.


29 posted on 08/05/2011 8:20:16 PM PDT by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: Nachum

30 posted on 08/05/2011 8:22:36 PM PDT by death2tyrants
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To: Nachum

Yet they still have enough cash to give away their daily fish-wrap, the (Com)Post Express. Maybe I should start accepting them so as to cost the Post those few pennies more.


31 posted on 08/05/2011 8:34:48 PM PDT by nina0113
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To: Nachum

Green shoots


32 posted on 08/05/2011 8:44:44 PM PDT by cowtowney
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To: Nachum

I am shocked that there isn’t more demand for EJ Dionne’s writings.


33 posted on 08/05/2011 8:58:09 PM PDT by relictele (Pax Quaeritur Bello)
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To: Nachum

The Washington Post prints liberal tripe and is an agent of the DNC and they cannot understand why they cannot peddle their rag.

In other words when you piss off half of the readership,you have to be able to make it off the other half and they cannot.


34 posted on 08/05/2011 9:04:39 PM PDT by Venturer
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To: Nachum

The Washington Post has always been liberal but it was not into brazen lying like the New York Times. They had Repulbicans in town and they had to please the liberal ones. Then the paper progressed to be a total Marxist propaganda rag.

Now it is going out of business.


35 posted on 08/05/2011 9:11:37 PM PDT by SaraJohnson
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To: Nachum
The Washington Post has reported a 50% plunge in profits

It looks like WaPo got wapped. Oh!

36 posted on 08/05/2011 9:13:19 PM PDT by mlocher (Is it time to cash in before I am taxed out?)
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To: Nachum; mickie
Hey, CommiePost....bring back Robert Redflag and Dustbin Hoffman as co-editors-in-chief.

Yeah, that's the winning ticket.

Bring back the glory days.

Leni

37 posted on 08/05/2011 9:22:47 PM PDT by MinuteGal (Too Bad Those of Us who Work for a Living Have to Support Those who Vote for a Living)
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To: Venturer

“In other words when you piss off half of the readership,you have to be able to make it off the other half and they cannot.”

My local newspaper, the Minneapolis StarTribune (aka The Red Star) has much the same problem.

In recent years, they had tried to even out their coverage some. Their editorial pages lost the in your face sanctimonious attitude.

But within the last year, they’ve been reverting to their old ways. They probably realized that they had permanently lost a good chunk of readers and they figured “F**k it! We’ll just go back to our old ways”.


38 posted on 08/05/2011 9:40:27 PM PDT by MplsSteve
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To: Nachum
A moment’s silence, please.

Gentlemen, remove your hats.

39 posted on 08/05/2011 9:42:10 PM PDT by YHAOS (you betcha!)
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To: Nachum

40 posted on 08/05/2011 9:53:48 PM PDT by Blado (Audemus jura nostra defendere)
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