Washington Post Co. Profit Soars, No Thanks to the Newspaper
Today, the Washington Post Co. reported rocketing annual profit for 2009, raking in $91.2 million, compared with $65.8 million in 2008. The company “shot the lights out,” as they say on Wall Street, and its stock jumped 3% on the news.
Too bad those results have very little to do with performance at local DC rag The Washington Post. See, the Post company operates a whole slate of non-newspaper businesses. The education business, for example, brought in $2.64
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