Washington Post Company Reports Shrunken Income On Ad Rev Drop
The Washington Post Company reported a 22 percent drop in earnings for the fourth quarter of 2011, from $79 million to $61.7 million, on a 10 percent decrease in revenues, from $1182 million to $1063.4 million.
Even Kaplan Inc, which is wholly owned by the Post Company, was less profitable than in the past, due to lower enrollment and recent regulations that have affected how Kaplan receives funding.
The publishing division, which we care most about here at MJD, saw revenue fall 4 percent in the fourth quarter, from $118.4
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