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Washington Post Swings to Profit

Washington Post posted a profit as the company recorded fewer restructuring charges, although revenue was flat as its education division continued to struggle.

 

Washington Post Co. second-quarter profit up 13.6 percent

Online ad revenues rose 8 percent at the news division in the second quarter compared with the same period last year, reversing recent declines. But the $2 million increase in online revenues covered only a small part of the $9.9 million decline in print ads.

Senh: That's the probably with the newspaper industry. The increase in online ad revenue offsets only a quarter of the decrease in print.

 

Gannett Posts Higher Profit

Gannet reported a sharply higher profit with a boost from tax gains, while declines in print-advertising revenue eased.

 

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