Washington Post Co’s Profits Soar on Broadcasting

Reuters

The Washington Post Co’s quarterly profits quadrupled, driven by strength in its broadcasting and education segment.

For the second quarter, the newspaper publisher’s net income from continued operations rose to $94.2 million, or $10.25 per share, from $21.2 million or $2.25 per share, a year ago.

Net income for the second quarter excludes Newsweek results. More…