Last Updated Jul 31, 2009 6:39 PM EDT When S&P downgraded the Washington Post Co.'s credit rating late in June, the ratings agency said it expected the company's total EBITDA to sink by 30% in 2009. Well, the company's Q-2 earnings report is out today, and there's a lot of red ink, especially at the Pulitzer-Prize winning newspaper and at Newsweek magazine. But the company's overall financial health is boosted by its profitable Kaplan's educational operations plus a regional cable TV division, so it reported a profitable result overall, which cheered Wall Street (see chart). For a more-detailed perspective on the company's numbers, please read Editor & Publisher's authoritative blog on the newspaper industry, Fitz & Jen, which today concludes, "...it's clear that the proud flagship newspaper isn't just being outshined by the Kaplan education business -- it's become a drag on the company itself. (Italics added.) Think about that for a moment. The publication that the … [Read more...] about Is the Washington Post Sinking its Own Ship?
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Last Updated Feb 25, 2010 1:07 PM EST In its quarterly earnings report just filed with the SEC, the Washington Post Co. reports strong results, even though the metro newspaper of the same name continues to perform poorly in all categories. As with other poor financial performers in the traditional newspaper industry, this raises the obvious question of whether and how long the major paper in the nation's capital will be sustainable. First, the results:Print advertising revenue at the Post declined 9 percent for the fourth quarter and 23 percent for the year in 2009, down to $317 million from $410.4 million in 2008. Daily circulation at the Post declined 5.9 percent, and Sunday circulation declined 4.7 percent in 2009. The newspaper's online performance was also dismal. Online revenue fell 8 percent to $99.6 million last year, from $108.3 million in 2008. In the fourth quarter, the newspaper's online revenue edged up 1 percent from the fourth quarter of 2008. (But even this slight … [Read more...] about The Washington Post Company Thrives as the Newspaper Withers
The Washington Post has been named Adweek’s Hottest Digital Publisher in News as part of the magazine’s annual “Hot List” issue for 2017. The list recognizes sites, brands and publishers leading digital innovation that has resonated with audiences over the past year. The Post was specifically recognized for advancements in engineering, design and product, as well as its achievements in reporting and video. From the article: The Washington Post’s bet on a digital future, led by a digital-first owner, is paying off. Since Amazon founder Jeff Bezos bought the publication in 2013, the Post has added nearly 50 staffers in the engineering, design and product teams. Thanks to its must-read coverage of the Trump administration, digital-only subscriptions have more than tripled in the past year, topping 1 million as of September. The Post regularly gets about 1 billion page views a month, sees 100 million monthly unique visitors and averages 36 … [Read more...] about Adweek names The Washington Post the Hottest Digital Publisher in News for 2017
The Washington Post has named Karen Tumulty a columnist for the Opinions section. Tumulty has been a political correspondent for The Post since 2010. She has covered the White House, Congress and eight presidential campaigns. Starting February 5, she will write a reported column on national politics. “I’m thrilled that Karen, one of the most revered and astute political reporters, will be bringing her perspective to the Opinions section,” said Editorial Page Editor Fred Hiatt. “A reporter who has covered campaigns across the country, and broken stories from Capitol Hill and the White House, Karen will write a column that gives readers a greater understanding of the landscape of politics in Washington and beyond.” Tumulty has been lauded for her ground level insight into U.S. politics and her compelling profiles of elected officials. She received the Toner Prize for Excellence in Political Reporting in 2014. She joined The Post from … [Read more...] about Karen Tumulty to join The Washington Post Opinions section as columnist
The Washington Post today announced the best places to work in the Washington D.C. area in its fourth annual Top Workplaces survey. In a survey conducted in partnership with survey firm WorkplaceDynamics, The Post asked people about their employers to identify 150 of the highest ranked organizations in the region. This year’s honorees include government contractors, law firms, nonprofits, schools, and businesses from D.C.’s growing service sector. More than 3,000 companies were invited to participate and 303 were surveyed. More than 52,000 employees participated in the survey questionnaires. The Washington Post hosted an awards ceremony on Thursday, June 15 to recognize the 150 top-ranked companies. The full list along with additional content is available on The Post site. This Sunday’s edition of The Washington Post will include a special Top Workplaces magazine, which includes profiles of the winning companies. Here are the top three organizations … [Read more...] about The Washington Post announces the 2017 Top Workplaces