Tuesday, May 8, 2012

Crash Dive at WaPo

Forbes has the details:

The Washington Post Co. reported its first-quarter earnings on Friday, and the news coming out of the newspaper division was mostly grim. The unit lost $22.6 million in the quarter, with revenue down 8% and revenue from print advertising specifically falling 17%. 
Meanwhile, the Post just reported one of the biggest circulation drops of any major newspaper with the lucrative Sunday edition selling 5.2% fewer copies and the daily edition skidding almost 10%. Oh, and newsroom leaders are so distressed about the way the business decline is affecting them, they held a secret meeting with the paper’s president, Steve Hills — without inviting executive editor Marcus Brauchli.


  1. So the guys long on WaPo and newspapers in general (Buffett and Munger) badmouth gold.

  2. Loving it. The shills for the state can't maintain their circulation thanks to the internet and of course, Craigslist. Soon they will probably ask for taxpayer money.

  3. Best news I've read all day.

    1. Yes, and no doubt it wasn't "printed" in the WaPo. Ha ha ha!

  4. Time to buy newspaper stocks...Fed bailout on the horizon! LOL

  5. Well, the solution is simple. First, a government bailout for their mouthpiece. Then, of course, require every Amerikan citizen to take the Post. I am sure the CIA and the giant banks will be very pleased with my solution.