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What buyouts reveal about The Washington Post’s strategy

Washington Post

How will the voluntary buyouts announced by The Post this week — the fifth such round in the past nine years — affect the quality of the publication?

 

Washington Post Co. earnings drop 50 percent

The Washington Post Co. on Friday reported a 50 percent drop in second-quarter earnings, with revenue continuing to plummet in the Kaplan Higher Education Unit and both the online and print operations of the newspaper division seeing declines in advertising revenue. Overall profits for the quarter that ended July 3 totaled $45.6 million ($5.74 per share), the company said, compared with $91.9 million ($10.00 per share) a year earlier. Revenue increased at The Post Co.’s television broadcasting and cable television divisions.

 

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