Washington Post's profits dive by 50%

Guardian ^ | 8/5/11 | Mark Sweney

[Beowulf9]

Gee, I would imagine that will put a lot of liberal reporters out of a job.... how's that hopey changey workin' for ya now, boys?;)

[Secret Agent Man]

I’m surprised they’re making profits. Wow.

[sr4402]

I’m surprised they’re making profits. Wow.

The Washington Pest make a profit? Only after heavy monetary injections by Progressives/Liberals.

[sirchtruth]

I would like to hear from other people who work in the industry. I use to think it was the case biased reporting was a huge part of the decline of the major liberal rags in this country, but in my limited experience so far, it's just not the case...

The internet, mobile devices (more news sources) and this downtrodden economy are the greatest contributors.

Businesses, know people are not using newspapers as much any more to seek information, so therefore they are spending advertising $$$ elsewhere.

[stephenjohnbanker]

Thank you, Lord

[hinckley buzzard]

That's the bottom line. For most newspapers, the internet has killed the classifieds and the national product ads.

[sirchtruth]

That's the bottom line. For most newspapers, the internet has killed the classifieds and the national product ads.

I would say this is true for the majors, but small town is surviving quite well as I see it. Are the Majors gobbling up alot of the smaller markets? I know the Denver Post owns a slew of town papers.