Washington Times Reaches Profitability After 33 Years, $1 Billion in Losses

Some said it could never be done. Ever. But it’s done. The Washington Times announced Wednesday it achieved in September the first profitable month in its 33-year history, successfully transforming a traditional money-losing print publication into a leaner multimedia company with diverse revenue streams and a growing national audience.

“The hard-working employees and patient owners of The Washington Times have waited for this day for a long time,” President and CEO Larry Beasley said after surprising his staff Wednesday afternoon with an impromptu champagne celebration in the company ballroom.