31 July 2009

Profit and loss - Is the Washington Post making money? - Huffington Post

In considering how other newspapers are doing in the midst of the crisis, the nature of many newspaper companies gets in the way. The news of these numbers from the Washington Post Company is a good example. While the parent company wound up reporting a profit for the second quarter of 2009, the newspaper division sales dropped 14%. This is so because many years ago, the parent company went into the business of providing educational training and test preparation services for young people and that has turned out to be the most successful part of the overall company. So we must remember to look at newspaper performance in addition to overall successes and failures.

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