Skip to comments.Washington Post loses $15.9 million in Q2
Posted on 08/03/2012 11:53:50 AM PDT by mandaladon
The Washington Post continued to struggle in the second quarter even as its parent company reported 13.6 percent increases in profit.
The newspaper division, which includes the newspaper's website and the online magazine, Slate, reported an operating loss of $15.9 million in the second quarter, compared to a $2.9 million loss for the same period a year ago.
Print advertising suffered a 15 percent drop year-on-year in the second quarter, as daily print circulation fell 9.3 percent in the first six months of 2012 to an average of 482,100 copies. Sunday circulation was down 6.1 percent in the same period to an average of 699,900 copies.
Company-wide, the quarterly report revealed net income of $51.8 million for The Washington Post Co., up from $45.6 million a year earlier. Revenue for the second quarter totaled $1.0 billion, down 5 percent from $1.06 billion for the second quarter of 2011. (The Post Co. also includes education, cable television, and television broadcasting properties.)
A Post spokesperson said the paper was "not permitted to comment on quarterly earnings beyond what is in the release."
(Excerpt) Read more at politico.com ...
Buahahahaha! Tank you MSM liberal fascist propaganda mongering scumbags!
They must be using the Obozo Management Style book............It’s WORKING!..........
The lefties don’t understand, or they reject, the free market concepts. I hope they all go bankrupt!
< snide >
Always about the profit.. that damned old profit..
Why not some compassionate conservatism.?.
< /snide >
ALL RINOs need to get lazy tongue and drool themselves to death.. sliding in the slime they emit..
It isn’t about financial profit for them. It is ideological determine to undermine the good in this country.
They brought down a president for essentially nothing, given the recent Democratic President years of Clinton and Obama.
In their ideal world, journalism [the putrid brand of liberal-influenced lying only they know] will be subsidized - like the arts, perverts, minorities, et al. Their benefactor will be those damned conservatives and Christians. All then become the new elites, subservient to our oppressive government.
OH... cry me a river Washington Post.
maybe one day the MSM will wake up and realize what they have done to this once great Nation.
I mean, how much of a demand for previously-owned toilet paper is there?!?
Thanks for posting the good news. Go paperless and cancel your subscription to the WP!
The WP seems to be in the same boat (Titanic) with CNN.
Memaw's rag is tanking along ... with Kaplan ... ping!
This is an obscene profit...by Lib Standards. At 13.6% this profit is higher than practically all of the major oil companies.
MSM, BUST EM DON’T TRUST EM.