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The Washington Post Is In Even Worse Shape Than You Think
Forbes ^ | 5/07/2012 | Jeff Bercovici

Posted on 05/07/2012 9:31:24 PM PDT by Qbert

The Washington Post Co. reported its first-quarter earnings on Friday, and the news coming out of the newspaper division was mostly grim. The unit lost $22.6 million in the quarter, with revenue down 8% and revenue from print advertising specifically falling 17%.

Meanwhile, the Post just reported one of the biggest circulation drops of any major newspaper with the lucrative Sunday edition selling 5.2% fewer copies and the daily edition skidding almost 10%. Oh, and newsroom leaders are so distressed about the way the business decline is affecting them, they held a secret meeting with the paper’s president, Steve Hills — without inviting executive editor Marcus Brauchli.

Now, are you ready for the really bad news?

Check out the chart below from AppData.com. It shows the number of monthly average users (MAU) of the Washington Post Social Reader, an app that encourages Facebook users to read and recommend articles from the Post’s website.


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


TOPICS: Business/Economy; News/Current Events
KEYWORDS: dinosaurmedia; washingtoncompost; washingtonpost
They need to put this thing out of its misery.
1 posted on 05/07/2012 9:31:40 PM PDT by Qbert
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To: Qbert; abb

This newspaper is only in business now because they were supported by profits from Kaplan University.


2 posted on 05/07/2012 9:35:01 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Qbert
"The Washington Post Is In Even Worse Shape Than You Think Could Have Hoped For"

Fixed, no charge.

3 posted on 05/07/2012 9:37:05 PM PDT by decal (I'm not rude, I don't suffer fools is all.)
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To: Qbert

Like the saying goes, “you reap what you sow!”


4 posted on 05/07/2012 9:39:13 PM PDT by Kevin in California
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To: Qbert
“...they held a secret meeting with the paper’s president, Steve Hills — without inviting executive editor Marcus Brauchli.”

“I do not like Brauchli. And I haven't liked him since I was a little kid and my mother made me work for him. And I'm President of the United States and I'm not going to invite any more Brauchli.”

5 posted on 05/07/2012 9:41:19 PM PDT by decal (I'm not rude, I don't suffer fools is all.)
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To: decal

like


6 posted on 05/07/2012 9:44:20 PM PDT by Walkingfeather
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To: Qbert

Does anyone know the year(s) of when the “Pravda On The Potomac” had their largest circulation numbers?


7 posted on 05/07/2012 9:53:35 PM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: Qbert

Newspapers are dead.

Long live the internet, free (mostly) from liberal bias!


8 posted on 05/07/2012 9:55:18 PM PDT by aintn0way (FU0)
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To: Qbert

I made quite a bit of money from the Washington Post at one time. However, I’m glad I cut my financial ties and divested myself of all my WaPo holdings.

I delivered my last morning paper in 1960, at the age of 13, after having earned $20-$25 per week for three years.

Hey, don’t sneer; that’s BIG MONEY for a kid! (especially in 1958-60)

;-)

[I wonder if my leaving their employ had anything to do with their descent into terminal liberalism? Maybe I could have saved them, if only I’d tried harder to teach them the error of their ways..... NAAAAA!]


9 posted on 05/07/2012 9:56:14 PM PDT by BwanaNdege (Man has often lost his way, but modern man has lost his address - Gilbert K. Chesterton)
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To: Jack Hydrazine

“Does anyone know the year(s) of when the “Pravda On The Potomac” had their largest circulation numbers?”

No, but I’d assume ‘72-’74 when Watergate was brewing and there wasn’t ANY alternative media.


10 posted on 05/07/2012 10:02:06 PM PDT by EDINVA
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To: EDINVA

LOLOLOLOL @ “Pravda On The Potomac”


11 posted on 05/07/2012 10:04:17 PM PDT by onyx (SUPPORT FREE REPUBLIC, DONATE MONTHLY. If you want on Sarah Palin's Ping List, let me know.)
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To: Qbert

Comcast will buy it, and the new entity will be called Compost


12 posted on 05/07/2012 10:05:34 PM PDT by bigbob
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To: Qbert

Great news - it will not be missed when it will finally goes to newspaper heaven or rather rag hell.


13 posted on 05/07/2012 10:06:26 PM PDT by Republican1795.
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To: Qbert

There are still a lot of Americans living in this country. Communism doesn’t sell with Americans.


14 posted on 05/07/2012 10:15:55 PM PDT by FlingWingFlyer (Dumb, dependent and Democrat is no way to go through life. - Rep. Louie Gohmert (R-Texas)
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To: FlingWingFlyer
There are still a lot of Americans living in this country. Communism doesn’t sell with Americans.

That's the thing, there are still a lot of Americans living in this country. I guess that's a big problem for BO.

15 posted on 05/07/2012 10:17:13 PM PDT by thecodont
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To: GeronL
This newspaper is only in business now because they were supported by profits from Kaplan University.

Newspaper . . . isn't that one of them paper iPad thingies that had all them coupons?

16 posted on 05/07/2012 10:25:49 PM PDT by Jeff Chandler (I heard Osama was unarmed and carrying a bag of "Skillets candy" when Obama shot him.)
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To: Qbert

“Socialism kills!”

Seems to apply to newspapers as well as nations.


17 posted on 05/07/2012 10:26:35 PM PDT by GladesGuru (In a society predicated upon freedom, it is necessary to examine principles."...the public interest)
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To: thecodont

When Ayers’ crew knocks off 25 mil, there’ll be less. Just don’t read “Atlas Shrugged” on the way to the railcar and think you’re making a difference. Not to you, just in general.


18 posted on 05/07/2012 10:32:05 PM PDT by ebshumidors ( Marksmanship and YOUR heritage http://www.appleseedinfo.org)
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To: Jeff Chandler

I think it had something to do with systematic slaughter of trees!

It’s been a very long time since I bought a newspaper.


19 posted on 05/07/2012 10:34:13 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL
I think it had something to do with systematic slaughter of trees!

Trees? I thought they were made out of dinosaurs.

20 posted on 05/07/2012 10:38:49 PM PDT by Jeff Chandler (I heard Osama was unarmed and carrying a bag of "Skillets candy" when Obama shot him.)
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To: Jeff Chandler

liberal media newspapers killed off the dinosaurs!


21 posted on 05/07/2012 10:45:25 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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22 posted on 05/07/2012 11:00:56 PM PDT by Blado ((Obama's brain is a coprolite from the Late Soviet Era))
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Is this really news?

All newspapers are hurting. And while we may gloat over the pain WaPo is currently going through, I wonder if the Washington Times is any better off?

Somehow I doubt it.


23 posted on 05/07/2012 11:06:11 PM PDT by fgoodwin (Fundamentalist, right-wing nut and proud father of a Life Scout!)
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To: BwanaNdege
According to the BLS Inflation Calculator, $25 in 1960 dollars equals $193.74 in 2012 dollars. Ain’t the Federal Reserve a grand invention . . . ? US dollar lost over 95 percent of its value since its creation.
24 posted on 05/07/2012 11:09:42 PM PDT by Olog-hai
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To: onyx
This is what they get for taking FR to court and insisting on excerpts.

yitbos

25 posted on 05/08/2012 12:11:24 AM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: Qbert

WP will become local homosexual quaterly called The Washing Post.


26 posted on 05/08/2012 12:37:47 AM PDT by Berlin_Freeper (Cogito cogito)
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To: Qbert
Now, are you ready for the really bad news?

???

What bad news?

27 posted on 05/08/2012 12:41:25 AM PDT by Lancey Howard
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To: Qbert

Leftists have groomed an ignorant unschooled following, and then cry that no one reads their newspapers.


28 posted on 05/08/2012 3:25:56 AM PDT by SampleMan (Feral Humans are the refuse of socialism.)
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To: Qbert

The social reader app is stupid. Why would I want to have everyone know which articles I am reading?


29 posted on 05/08/2012 3:34:37 AM PDT by Straight Vermonter (Posting from deep behind the Maple Curtain)
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To: Qbert

Now if the hotel/motel industry would stop propping up USA Today (Which easily rivals the Post and NYT in liberal bias) we might be able to move on and let REAL journalists take over. The problem for these papers is that the Dem circle may include the overly educated but it is also comprised largely the of welfare/criminal “give me my handout” population who are not inclined to actually read papers and keep up on current events.


30 posted on 05/08/2012 3:50:46 AM PDT by onevoter
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To: onevoter

and to think Warren Buffet is a huge investor makes this story great.


31 posted on 05/08/2012 4:13:06 AM PDT by scooby321 (h tones)
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To: aintn0way

AMEN to that!


32 posted on 05/08/2012 4:41:21 AM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
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To: Qbert

WaPo can’t even sell newspapers to the dedicated leftists in Washington.


33 posted on 05/08/2012 4:53:48 AM PDT by PGR88
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To: bruinbirdman

“This is what they get for taking FR to court and insisting on excerpts.”

The irony would be delicious if the Post Pravda goes down and FR thrives. Perhaps the Post commie scribblers can get jobs at Fenton Communications and try to smuggle weapons into the Gaza Strip on boats.


34 posted on 05/08/2012 5:33:36 AM PDT by sergeantdave
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To: sergeantdave

The WP rag deserves to go down. Bwahahaha!


35 posted on 05/08/2012 6:16:29 AM PDT by ogen hal (First amendment or reeducation camp?)
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To: EDINVA; mickie; flaglady47
Here on the Gulf Coast of Florida, the St. Petersburg Times has long been known as "Pravda West". I cancelled my subscription twenty years ago which was long before cancelling-out liberal rags was fashionable.

After decades of espousing, condoning, promoting, assisting and recommending socialism, the bird-cage-liners across the fruited plain are finally now facing the results that inevitably ensue as Obama socialism is rapidly destroying medium and small corporations and businesses, the backbone of a media's revenue sources.

These genius owners, publishers, advertising CEOs and editorial departments know very well the results of socialism, and they've had decades to think on it and resist it.

But, like lemmings, their ideology is so fanatical THEY DON'T SEEM TO CARE ONE BIT, and soon all of them will topple over the cliffs to their respective dooms. It is collective insanity.

Liberalism IS a mental disease, leading in many cases to suicide....it's proven over and over every day. Does anyone doubt this anymore?

Leni

36 posted on 05/08/2012 6:28:26 AM PDT by MinuteGal
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To: Olog-hai

IOW, why bother “saving” money? Investing with a decent rate of growth is the only way to stay even, let alone get ahead.

On a side note, I compared the price of the cars I was drooling over in college in 1965 with the equivalent in today’s $$.

911 Porsche - $6995 Today’s Dollars $50,939
289 Cobra - $4995 Today’s Dollars $36,375
XK-E -$6300 Today’s Dollars $45,878

In 1971, when I got married
Datsun 510 - $2154 Today’s Dollars $12,200
Ferrari 275 GTB4 - $14,500 Today’s Dollars $82,128
Gasoline $0.29 Today’s Dollars $1.64
Our first home purchase in 1974 - $26,000 Today’s Dollars $120,977

You can see that inflation has jacked up the cost of everything, but Federal auto regulations and more restrictive building codes have had a great effect also.


37 posted on 05/08/2012 8:34:32 AM PDT by BwanaNdege (Man has often lost his way, but modern man has lost his address - Gilbert K. Chesterton)
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To: MinuteGal
"It is collective insanity"

COLLECTIVE. The word needs wider negative dissemination.

yitbos

38 posted on 05/08/2012 12:43:06 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: scooby321

He, along with Soro’s, is investing heavily in Dem causes. Here is hoping they lose big-time in November!


39 posted on 05/09/2012 2:50:55 AM PDT by onevoter
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