Report: Post "to Start Losing Money"
From Alley Insider:
…because WaPo’s shriveling newspaper business is about to start losing money…
At 24/7 Wall St, analyst Doug McIntyre notes the diverging fortunes of the New York Times Company’s newspaper business (NYT), which is growing online revenue at a healthy rate and managing to preserve most of its operating income, and the Washington Post’s newspaper business, which is shedding revenue at a 7% rate and losing operating income at a horrific 50% (in Q3) to a puny $9 million.
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