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Financial Woes at the Washington Post
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It is a dramatic decline. The Washington Post Company is yet another newspaper organization that is struggling:
“The Washington Post Co. today reported an 86 percent decline in third-quarter earnings compared with the same period last year, as a significant loss at the flagship newspaper offset gains at the company’s education and cable divisions.”
link: Washington Post Co. Earnings Plummet in Third Quarter
Circulation is declining and advertising has gone to find more viewers online. This decline is significant. The Christian Science Monitor has made a decision to focus on its online publication. How soon will other newspapers follow that business model?
Catherine Forsythe