The Washington Post Co. on Friday reported a 50 percent drop in second-quarter earnings, with revenue continuing to plummet in the Kaplan Higher Education Unit and both the online and print operations of the newspaper division seeing declines in advertising revenue. Overall profits for the quarter that ended July 3 totaled $45.6 million ($5.74 per share), the company said, compared with $91.9 million ($10.00 per share) a year earlier.
Washington Post Co. Earnings Drop 50 Percent
Debbi Wilgoren, Washington Post
Fri, 08/05/2011 - 6:33am
RELATED ARTICLES
- Top Editors Abruptly Leave Village Voice
Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More - Britain’s Daily Mail Web Site Makes Foray Into America
Mail Online, The Daily Mail’s site, has expanded on the news and business sides with offices in New York, and coverage of celebrities in Los Angeles. More - HTC Expects Brighter Second Quarter
Taiwan's HTC expects its second-quarter revenue and operating margin to rise from the first quarter, as sales of the new HTC One smartphone pick up. More - Mobile Efforts Help Propel Facebook’s Earnings
Facebook was once a darling of investors, then a turnoff. Now, a year after going public, the social network seems to have settled into a more stable relationship with Wall Street. But the company has still been taking pains to prove that it can make more money from its base of more than a billion users, especially from those using Facebook on mobile devices. More
BING NEWS:
- Restaurants Experience a Drop in Orders as $20 Minimum Wage Implementation Turns Out to be Counterproductive
The implementation of a $20 minimum wage law in Seattle, Washington has faced significant backlash, resulting in a decline in ...
04/27/2024 - 3:00 am | View Link - 30 out of 34 industrial stocks post EPS wins, while half of them beat revenue estimates
The industrial sector (SP500-20), which entails everything from aerospace and defense to machinery and building products, saw a major chunk of its big players report earnings this week. Its ...
04/26/2024 - 7:56 am | View Link - Stock market today: Wall Street falls on double dose of disappointing economic data, as Meta sinks
Asian shares are mostly lower as investors look ahead to a flood of global earnings reports, including from U_S_ companies known as the “Magnificent Seven.” ...
04/25/2024 - 5:19 am | View Link - Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they’re responding by trying to cut costs ...
04/25/2024 - 4:13 am | View Link - BASF post slight Q1 earnings drop but beats forecast
Germany's BASF said first-quarter adjusted earnings fell 5.3% compared with the same quarter last year, to 2.7 billion euros ($2.89 billion), but still came in above analysts' consensus.
04/24/2024 - 4:33 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more