By: Newspaper publisher Washington Post Co. said Thursday its third-quarter profit edged down 1 percent, in part on higher operating expenses and soft newspaper publishing and television broadcasting revenue.
Earnings after preferred dividends slipped to $72.2 million, or $7.60 per share, compared with $73.1 million, or $7.60 per share, in the prior year.
Per share results were impacted by fewer outstanding shares in the current period.
The current quarter's results included a $5.9 million, or 62 cents per share, gain on the sale of property at its television station in Miami.
Operating expenses grew to $912 million from $838.2 million.
Quarterly operating revenue climbed 8 percent to $1.02 billion from $946.9 million in the previous year on revenue growth from its education and cable television divisions.
Newspaper publishing, television broadcasting and magazine publishing revenue all experienced declines.
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