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 ...
good.
Couldn’t happen to a better rag than the Washington *beeeep*
Considering their involment in operation gunwalker, it could not happen to a more deserving group:
http://www.freerepublic.com/focus/f-news/2759000/posts
Best new of the day.....considering all of the $hit.
The Washington Post had Robert McNamara on their Board of Directors. Tells you all you need to know.
Fantastic news. The Slimes, Boston Globe and the Compost are the axis of evil. Their end is in sight. Hope this trend continues!
Content, content, content.
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.
Green shoots
I am shocked that there isn’t more demand for EJ Dionne’s writings.
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.
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.
It looks like WaPo got wapped. Oh!
Yeah, that's the winning ticket.
Bring back the glory days.
Leni
“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”.
Gentlemen, remove your hats.
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