One of the greatest US papers is a shadow of its former self.. The Washington Post Company's newspaper division has lost money in 13 of the last 15 quarters. Total loss over that period: $412m. The latest quarterly figures reveal a $23m loss and a 7% drop in revenue.. Indeed, revenue has now slithered down in 20 of the last 22 quarterly returns. Last year's annual figures show it at $314m, a third less than in 2006. Print advertising has shrivelled by 53% in that period.. As for digital ad revenue, and supposed salvation, that's down too – by 8% in the new returns. Amazingly, it too has slip
Tuesday, June 12, 2012
Washington Post's sad decline raises tricky questions in US
One of the greatest US papers is a shadow of its former self.. The Washington Post Company's newspaper division has lost money in 13 of the last 15 quarters. Total loss over that period: $412m. The latest quarterly figures reveal a $23m loss and a 7% drop in revenue.. Indeed, revenue has now slithered down in 20 of the last 22 quarterly returns. Last year's annual figures show it at $314m, a third less than in 2006. Print advertising has shrivelled by 53% in that period.. As for digital ad revenue, and supposed salvation, that's down too – by 8% in the new returns. Amazingly, it too has slip
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