Washington Post Returns to Profit

After a rigorous volley of cost-cutting measures, newspaper giant The Washington Post Co. managed to avoid losses in its first quarter and post a profit in its second quarter. According to a report released today, the Washington Post experienced a net income of $11.4 million after taking in $1.13 billion in revenue its second quarter.
Just last year, the Washington Post had a loss of $2.7 million after taking in $1.11 billion, so this year marks a 2 percent overall increase in revenue. While the Post Co. is probably most closely associated with its newspaper division, its Kaplan education unit actually …read more