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May 5, 2013 3:19 am

Washington Post Reports Large Drop in Earnings

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The Washington Post building in Washington, D.C. Photo: wiki commons.

Politico – The Washington Post Co. on Friday reported bad news for its newspaper division, with revenue totaling $127.3 million for the first quarter of this year — down four percent from 2012 — and an operating loss of $34.5 million.

Overall, the company posted a profit of just $4.7 million, an 85 percent drop in earnings from the net income of $31 million for the first quarter of last year.

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