Reason #1514123 Why The Newspaper Business Makes Zero Sense

Circulation goes down, profits go up.

    WASHINGTON — Washington Post Co., publisher of The Washington Post, Newsweek magazine and owner of educational services provider Kaplan Inc., said Friday its third-quarter profit rose 10 percent, boosted by the sale of property and marketable securities and a lower tax rate.

Translated: Thank the Lord for Kaplan.