Washington Post 4Q Spins Heads with more than Quadruple Profits

The Washington Post (NYSE:WPO) provides a range of educational services, including higher education, professional training, test preparation, and K12 services for individuals, schools, and businesses. The Washington Post Company also engages in the publication of newspapers in the Washington, D.C., area and Everett; newsprint warehousing and recycling facilities; and electronic media publishing business.… Washington Post Co. trades on the “New York Stock Exchange” under the Stock Symbol”WPO”. For the Latest information regarding “WPO”, make sure to visit the Most Exclusive and In Depth newsletter website at:   http://www.wallstreetgrand.com/.

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The Washington Post Co. (NYSE:WPO) announced its fourth quarter earnings on Wednesday. Profits soared to more than quadruple. Its education division provided most of the raise, although the publishing segment also made money after large cost cuts. Like other companies that publish newspapers and magazines, The Washington Post. has made painful cutbacks to deal with an advertising bend. It has offered buyouts to employees of The Washington Post newspaper and Newsweek magazine and consolidated printing facilities.

Overall, the company earned $81.7 million, or $8.71 per share. That was up from $18.8 million, or $2.01 per share, a year earlier. Revenue grew 6 percent to $1.24 billion.

About The Washington Post:

The Washington Post Company, together with its subsidiaries, operates as a diversified education and media company in the United States and internationally. The company provides a range of educational services, including higher education, professional training, test preparation, and K12 services for individuals, schools, and businesses. The Washington Post Company also engages in the publication of newspapers in the Washington, D.C., area and Everett; newsprint warehousing and recycling facilities; and electronic media publishing business, primarily washingtonpost.com. In addition, it publishes a weekly news magazine, Newsweek, which has one domestic and three English-language international editions; and Arthur Frommers Budget Travel magazine, as well as online media magazines, newsweek.com and budgettravel.com. Further, the company owns six VHF television stations serving the Detroit, Houston, Miami, San Antonio, Orlando, and Jacksonville television markets; and operates cable systems offering basic cable, digital cable, pay television, cable modem, telephony, and other services to subscribers in Midwestern, western, and southern states, as well as engages in commercial printing business. The Washington Post Company was founded in 1877 and is based in Washington, District of Columbia.

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