Washington Post Co.’s Newspaper Division Posts Another Loss
Posted: 8/2/2013 | By: Andrew Beaujon | Poynter
The Washington Post’s newspaper division posted an operating loss of $49.3 million in the first six months of 2013, the company says in its second-quarter earnings report. In the first six months of 2012, the newspaper division lost $33.2 million.
Those declines were fed by revenue declines but were “largely due to an accounting provision for pensions and early retirement expenses,” Steven Mufson writes. That provision also contributed to a $34.5 million operating loss the newspaper division reported in its first quarter results.