WaPo Newspaper Division Posts $22.6 Million Loss
The newspaper division of the Washington Post Company recorded a loss of $22.6 million for the first quarter of 2012, compared to $12.8 million a year prior.
That’s on revenues of $142 million, down 8 percent from $155 million, largely “due to reductions in general, classified and preprint advertising,” the company said. Online revenue from washingtonpost.com and Slate.com fell 7 percent to $24.2 million. That means digital now makes up 17 percent of the company’s revenues.
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