Where can i get more information on internet about Washington Post Profit?
The Washington Post Co.’s reeling newspaper and magazine divisions stumbled again in the fourth quarter, extending an earnings slump that would have been even more disconcerting if not for the stability of the company’s education and cable TV businesses. The publisher of The Washington Post and Newsweek magazine said Wednesday that it made $18.8 million, or $2.01 per share, during the final three months of last year. That represented a 77 percent drop from net income of $82.9 million, or $8.71 per share, in the same quarter a year earlier. The results for the last quarter included after-tax charges of more than $82 million to account for the eroding value of the company’s newspaper holdings, the upcoming closure of a Maryland printing plant and restructuring costs. It marked the Washington-based company’s ninth consecutive quarter of declining profit. Revenue rose 3 percent to $1.16 billion. Washington Post Co. shares fell $2.70 to close at $382.30 Wednesday. Like most publishers acros
