Washington Post Reports Profit Gain

By: Edmund Lee | Bloomberg

Washington Post Co. (WPO), the media company partly owned by billionaire Warren Buffett, reported a rise in third-quarter profit on improved revenue from its broadcast and cable television divisions.

Excluding items such as restructuring expenses, income from continuing operations rose 23 percent to $50.4 million, or $6.79 a share, from $40.9 million, or $5.18 a share, a year earlier, the company said today in a statement. Operating revenue was little changed at $1.01 billion.

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