Washington Post Co. second quarter profit up 13.6%
The Post Co. says net income in the second quarter rose to $52 million ($6.84 per share) vs. $45.8 million ($5.74 per share) in the same quarter a year earlier. Political ads helped boost the company’s broadcast TV earnings by 34%. At its Kaplan division, operating income plunged 84%, while the Washington Post newspaper was hit with a 15% drop in print advertising from the year before.
The Post’s circulation continues to slide: the average daily circulation during the first six months of 2012 fell 9.3% from the same period of 2011.
* Washington Post Co. second-quarter profit up 13.6% (washingtonpost.com) || (Press release)
