Good News for WaPo: $12 Million Earnings in Second Quarter
The Washington Post Co. has returned to profibility, earning $12 million in the second quarter. From the paper’s coverage:
In the second quarter of this year, the newspaper division — which includes The Post, Washingtonpost.com and some smaller publications — recorded an $89.3 million loss.
However, that figure includes a one-time $56.8 million charge related to early-retirement (or “buyout”) offers taken by 220 Post employees in the quarter, a cost-saving measure. The buyouts are paid from The Post Co.’s
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