Washington Post sells tech magazines
Posted by Jean Yves Chainon on December 12, 2006 at 12:45 PM
The Washington Post Co. has agreed to sell its technology magazine holding, Post Newsweek Tech Media, to 1105 Media of Chatsworth, California. The business-to-business venture never rose to the Post’s expectation.
“Unfortunately, we could never seem to make the business work," said John B. Morse, The Post Co.'s chief financial officer.
For the first three quarters of 2006, the Post Co. had reported a 60% drop in operating income for its magazine division.
Source: Washington Post
For the first three quarters of 2006, the Post Co. had reported a 60% drop in operating income for its magazine division.
Source: Washington Post
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