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Washington Post suffers 85% earnings drop [ Why do they track earnings? / sarc ]
politico.com ^ | May 3, 2013 | MACKENZIE WEINGER

Posted on 05/03/2013 1:05:21 PM PDT by NoLibZone

The Washington Post Co. on Friday reported bad news for its newspaper division, with revenue totaling $127.3 million for the first quarter of this year — down four percent from 2012 — and an operating loss of $34.5 million.

Overall, the company posted a profit of just $4.7 million, an 85 percent drop in earnings from the net income of $31 million for the first quarter of last year.

(Excerpt) Read more at politico.com ...


TOPICS: Culture/Society; Extended News
KEYWORDS: dinomedia; wahsingtonpost; wapo; washingtonpost

1 posted on 05/03/2013 1:05:21 PM PDT by NoLibZone
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To: NoLibZone

They can fix this by just hiring a few of the numbers guys away from the Labor Department. Those guys are awesome with numbers.


2 posted on 05/03/2013 1:08:51 PM PDT by FlingWingFlyer (I got expelled from the "fundamental transformation" indoctrination center.)
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To: NoLibZone

WaPo measuring their earnings is like Steven Hawking tracking his batting average.


3 posted on 05/03/2013 1:09:00 PM PDT by muir_redwoods (Don't fire until you see the blue of their helmets)
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To: NoLibZone

WaPo: Making money is for those racist, gun-toting, self-reliant, free-market capitalists. We’re above that.


4 posted on 05/03/2013 1:09:51 PM PDT by BlueStateRightist
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To: NoLibZone

I wonder if liberals running things in these media outlets will ever understand why they are last & losing money, or will they just wait on their soon to come government handout.


5 posted on 05/03/2013 1:11:33 PM PDT by vpintheak (Occupy your Mind!)
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To: NoLibZone

I agree. Why track earnings? Aren’t US businesses supposed to be give their employees money and benefits regardless whether they are profitable or not ?


6 posted on 05/03/2013 1:13:14 PM PDT by llevrok (2013: America is in a cold civil war.)
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To: BlueStateRightist; All

WaPo is thoroughly confused. In a recent Special Election for a city council member, they endorsed the lone Republican. He was a Grover Norquist signer and the only candidate who did want to increase the DC minimum wage. If you make endorsements like that in a town that voted 93% for Obama, you think you might loose readership?? Especially as WaPo has been masquerading as a liberal paper for many years. No surprise the Marion Barry backed candidate won.


7 posted on 05/03/2013 1:14:24 PM PDT by gleeaikin
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To: NoLibZone

Soon to be The Washing Post, LGBT quarterly.


8 posted on 05/03/2013 1:14:33 PM PDT by Berlin_Freeper
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To: NoLibZone
Lib papers and Lib TV networks going down the tubes, wonder what could be the problems?
What do they have in common, hummm?
It's just a mystery to me :)
9 posted on 05/03/2013 1:14:46 PM PDT by The Cajun (Sarah Palin, Mark Levin......Nuff said.)
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To: vpintheak

Of course the government is going to bail them out. The Post is the voice of the Obama administration...how many stories did they do on “macacca” George Allen??? I’ll bet it was over a hundred. How many have they done on the baby murderer Gosnell? One? Two?

This rag can’t go out of business soon enough. The NYTIMES too.


10 posted on 05/03/2013 1:15:24 PM PDT by kjo (+)
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To: NoLibZone

Path to profits (please excuse the liberal bad word):

1) Koch brothers purchase paper.
2) Liberal reports quit (e.g., all reporters quit)
3) The brothers hire folks with actual degrees (not journalism) obtained from real colleges with real standards.
4) These sentient beings (new to the WaPo) start reporting actual news.
5) Paper makes profit

There now, it was easy, wasn’t it?


11 posted on 05/03/2013 1:15:40 PM PDT by Da Coyote
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To: NoLibZone

Maybe if the Washington Post started reporting the news in a fair way it’s circulation would go up.

When you report the news in a way that only half of the people want to hear it you have already cut your circulation in half.

Fact is right now I wouldn’t read the Washington Post if they paid me. It’s Obama’s news 24/7.A propaganda arm of the DNC.


12 posted on 05/03/2013 1:20:48 PM PDT by Venturer
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To: NoLibZone

Looks like Obama just found a new Economic Czar?

Pray for America to Wake Up


13 posted on 05/03/2013 1:24:40 PM PDT by bray (Surviving to spite Obama)
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To: NoLibZone

Listening to Chris Plante on WMAL this morning. He said, “There was a piece in the Washington Post this morning...” I snapped at the radio, “A piece of what?”


14 posted on 05/03/2013 1:36:28 PM PDT by Riley (The Fourth Estate is the Fifth Column.)
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To: NoLibZone

Money’s always lost in DC............


15 posted on 05/03/2013 1:39:33 PM PDT by Average Al
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To: gleeaikin
There's a quaint leftwingtard suburb in the Fairfax Standard Metropolitan Statistical Area or SMSA ~ it's called Washington DC.

We have three counties here with more people than DC ~ so whatever the DC council wants to do is mostly of no interest to anyone outside a very small circle of close friends who do crime together, or whatever it is they do.

The Washington Post is the old journal of record for this region. They are going broke like every other daily newspaper irrespective of ideological or sexual leanings.

16 posted on 05/03/2013 1:51:44 PM PDT by muawiyah
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To: NoLibZone

Thanks to the Democrats’ decades-long support for the teachers’ unions, which have destroyed our public-education system, fewer and fewer people have had the ability to read newspapers like the Washington Post, let alone be able to find jobs to earn enough money to subscribe to them.

If the Koch brothers should start a newspaper in Washington,DC, after the Washington Post’s inevitable demise, they would most likely use their editorial pages to expose the horrors of the DC education system and demand improvements, as well as provide support for privately funded literacy and voucher programs, thereby creating more readers and customers for their paper, which would continually gain profits. Let’s hope this happens.


17 posted on 05/03/2013 2:02:59 PM PDT by Bluestocking
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To: NoLibZone
They will be looking for a government bailout soon enough.
18 posted on 05/03/2013 2:07:44 PM PDT by Major Matt Mason ("Journalism is dead. All news is suspect." - Noamie)
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To: NoLibZone

The Washington Post called me this week asking if I would subscribe. I told them the WP was a dishonest and disgusting piece of liberal garbage.


19 posted on 05/03/2013 2:59:14 PM PDT by Starboard
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To: NoLibZone

             Schadenfreude = German for  
20 posted on 05/03/2013 3:00:41 PM PDT by tomkat
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To: Bluestocking

Thanks to the Democrats’ decades-long support for the teachers’ unions, which have destroyed our public-education system, fewer and fewer people have had the ability to read newspapers like the Washington Post,
*******
Excellent post. Liberal teachers have dumbed down the students to the point that they have no ability to read or even think. So why would they want to subscribe to a newspaper they can’t understand?


21 posted on 05/03/2013 3:03:33 PM PDT by Starboard
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To: Average Al
Money’s always lost in DC............

Astronomers should check to see if there's a mini black hole in D.C.

22 posted on 05/03/2013 3:14:58 PM PDT by Rocky (Obama is pure evil.)
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To: muir_redwoods

Winner!


23 posted on 05/04/2013 6:57:42 AM PDT by generally (Don't be stupid. We have politicians for that.)
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