The Washington Post (
), one of the U.S.' most respected newspapers, saw returns from the
fourth quarter of last year fall 22 percent from the same period
during the year prior, the newspaper
The $61.7 million
from October through December of 2011 was lower than the $79
million during the fourth quarter of 2010, which is partially
attributable to operations constricting at the newspaper. Many
publications throughout the nation have seen revenues plunge amid
the migration from print to digital and sharp reductions in
classified advertising revenue.
The publication's operating income dropped to $7.4 million during
the fourth quarter of 2011, which is markedly lower than the $19.9
million during the same period the year prior.
Weaknesses include advertising dropping 6 percent during the fourth
quarter, daily circulation falling more than 6 percent during the
year and circulation on Sundays sliding 4 percent. The publication
reduced expenses and costs for newsprint during the final quarter,
which fell 8 percent.
For all of 2011, The Washington Post earned $116.2 million,
of $277.2 million during 2010.
4 International Media & Newspapers, The Washington Post trails
only The Wall Street Journal and The New York Times as North
America's top newspapers.