US: Washington Post Q4 online growth doesn't offset print losses
Posted by Jean Yves Chainon on February 28, 2008 at 10:19 AM
Washington Post Co. posted a 13% drop in fourth-quarter earnings, as print revenues at its flagship title continue to fall.
Net income for the company fell to $82.9 million, down from $95.5 million a year ago.
However, the Post’s fourth quarter results include a $17 million one-time cost linked to restructuring of the Post’s Kaplan education unit.
Print ad revenue ad the Washington Post declined 13% in 2007, down to $496.2 million. Circulation fell 4% in 2007, at 649,700 copies daily and 902,500 on Sundays.
On the brighter side, online revenue increased 11% in 2007, up to $11.4 million.
Source: Yahoo Finance
Net income for the company fell to $82.9 million, down from $95.5 million a year ago.
However, the Post’s fourth quarter results include a $17 million one-time cost linked to restructuring of the Post’s Kaplan education unit.
Print ad revenue ad the Washington Post declined 13% in 2007, down to $496.2 million. Circulation fell 4% in 2007, at 649,700 copies daily and 902,500 on Sundays.
On the brighter side, online revenue increased 11% in 2007, up to $11.4 million.
Source: Yahoo Finance
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