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US: Washington Post Co. Q1 profits drop 39%
http://www.editorsweblog.org/ newspaper/ 2008/ 05/ us_washington_post_co_q1_profits_...
First-quarter profits at the Washington Post Co. declined 39%, hit by a one-time charge at Newsweek magazine and the continuing struggles of its newspaper division. The newspaper division, whose flagship title is the Washington Post, reported $1.2 million in operating income, down 92% year over year. Revenue was $206.1 million, down 6% from $219.2 million last year. Print ad revenue dropped 11% over the same period, mostly due to the decline in classified advertising.
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