Thursday, February 25, 2010

Washington Post Co. Q4 Profit Soars on Education Business and Improving Newspaper Results

The Washington Post Co. Wednesday reported a fourth-quarter profit of $82.2 million, or $8.71 a share, a big jump from its year-ago net income of $18.8 million, or $2.01 a share. The Post Co.'s Kaplan education and cable television businesses accounted for the lion's share of the profit, but the newspaper division was profitable on a moderating decline in advertising revenue.

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