Washington Post Suffers Rough Q4

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The Washington Post ( WPO ), 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 reported on Friday.

The $61.7 million net income 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, compared to earnings of $277.2 million during 2010.

According to 4 International Media & Newspapers, The Washington Post trails only The Wall Street Journal and The New York Times as North America's top newspapers.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , Business , US Markets

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